Abercrombie's Sales Continue To Decline With No End In Sight

Abercrombie & Fitch Co. shares fell Friday after the retailer reported disappointing third-quarter revenue and said weak sales would continue. The teen retailer expects a low double-digit percentage decline in fourth-quarter sales at stores open at least a year. This is considered a key indicator of financial performance as it strips away the impact of recently opened and closed stores. Stifel analyst Richard Jaffe said that lackluster merchandise and weak traffic weighed on the retailer. While ...