Abercrombie & Fitch shares plunged more than 12% Friday morning after the company announced a 12% decline in sales during the third quarter. The retailer made $911.4 million in the quarter compared to $1.033 billion over the same period last year. "We are clearly disappointed with our results for the third quarter," CEO Mike Jeffries said in a statement. "Continued weak store traffic was the primary contributor to the weak sales trend, particularly in Europe, where the environment there showed s...
Abercrombie & Fitch shares plunged more than 12% Friday morning after the company announced a 12% decline in sales during the third quarter. The retailer made $911.4 million in the quarter compared to $1.033 billion over the same period last year. "We are clearly disappointed with our results for the third quarter," CEO Mike Jeffries said in a statement. "Continued weak store traffic was the primary contributor to the weak sales trend, particularly in Europe, where the environment there showed s...
Share this Article
Recommended