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
| On 16th Apr 2021
Vietnam's exports to its partners in the Comprehensive and...
Smartwool, a Denver, US-based maker of merino wool apparel for active ...
Steve Madden Ltd, a leading designer and marketer of fashion-forward...
Fashion tech has to be lean and very productive
Virtual reality would be the new normal
Estimate loss of $8-$10 billion in turnover
Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...
From design to raw material to fabrication and ultimately to delivery -...
With more than 60
years of experience in the textile industry, Ideal...
Michaela Griggs & Peggy Schulz
Founded in 1929, Barco Uniforms started as an apparel company for beauty...
Garware Technical Fibres
Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...
With forces in engineering and process development, Andritz Nonwoven...
Designer <b>Suman Nathwani</b> talks about her journey of opening a...
Ramya Rao & Kavea R Chavali
<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...
Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep
Established in 2012, Sarah & Sandeep is a luxury menswear label...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
Download Free Report
Rising Opportunities in Technical Textiles Market: 2020-2026
Thank you for showing interest in our free report on 'Rising Opportunities in Technical Textiles Market: 2020-2026'
You will receive an email shortly with a link to download the report and in case if you don't receive our email, you can write back to email@example.com.