By brand, net sales decreased 5 per cent during the quarter to $323.3 million at Abercrombie, and decreased 2 per cent for Hollister to $362.1 million as compared to prior fiscal quarter.
By geography, net sales for the quarter reduced 5 per cent to $425.4 million in US, and remained flat in international markets as compared to the same period last fiscal.
“Our results for the quarter reflect significant traffic headwinds, particularly in international markets and in our US flagship and tourist stores, resulting in negative comparable sales,” Arthur Martinez, executive chairman of Abercrombie & Fitch said.
“We expect the second quarter to remain challenging, but to see better results in the back half of the year as our assortments continue to improve and we see returns from significant investments in marketing, store management and omni-channel,” he added. (MCJ)
Fibre2Fashion News Desk - India
Textiles | On 27th Feb 2020
Australia is willing to consider a bilateral free trade agreement...
Apparel/Garments | On 27th Feb 2020
Prime Minister Hun Sen recently again told Chinese garment sector...
Retail | On 27th Feb 2020
The outbreak of COVID-19 is disrupting business dynamics in China....
It is a well-calibrated budget
Weak rupee breeds inflation
The budget will give major impetus to textile and apparel consumption
Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...
Since its inception in 1953, Orta Anadolu has been weaving a denim...
Describing itself as the best body shape and garment fit company in the...
Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...
Mr Ambrose Chan
DSG International (Thailand) PLC
Justin Chan & Shyam Gollakota
University of Washington
A fabric that can store data without any electronics or batteries has been ...
Tahweave & Garo
Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...
Sailesh Singhania Label
The Sailesh Singhania label was created to promote handwoven sarees and...
<b>Sidharth Sinha</b> has contributed to the successful rebirth and...