November 13, 2009, 12:00 AM

Web sales rebound for Abercrombie in Q3

After months of declining web sales, e-commerce revenue ticked upward for specialty apparel retailer Abercrombie & Fitch in the third quarter.

After months of declining web sales, e-commerce revenue ticked upward for specialty apparel retailer Abercrombie & Fitch Co. in the third quarter.

For the quarter ended Oct. 31:

  • Web sales increased 11.1% to $63.9 million from $57.5 million. Increased international sales were a contributing factor, the company says.
  • Total revenue declined 14.6% to $765.4 million from $896.3 million.
  • Comparable-store sales declined 22%.
  • The web accounted for 8.3% of total sales compared with 6.4% in the prior year.
  • Net income was $38.7 million compared with $63.9 million in the previous year.
"During the quarter, we made advances in our international strategy with the opening of a flagship location in Italy as well as additional Hollister mall-based stores in the United Kingdom,” says CEO Mike Jeffries. “The passion and enthusiasm from the international customer that greeted us at these openings encourage us in our long-term strategy of aggressively pursuing international growth for our brands."

For the first three quarters:

  • Web sales decreased 8.1% to $161.7 million from $175.9 million.
  • Total revenue declined 20.5% to $2.02 billion from $2.54 billion.
  • Net loss was $47.2 million compared with net income of $203.8 million in the previous year.
Abercrombie & Fitch, is No. 58 in the Internet Retailer Top 500 Guide, (a PDF version of the company’s financial and operating profile can be order by clicking on its name.)

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Jock Purtle / E-Commerce

What is your e-commerce business worth?

The founder of a merger and acquisitions consulting firm examines how e-retailers can know the ...

FPO

Adrien Henni / E-Commerce

Alibaba and Chinese e-commerce rivals target Russia

Besides Alibaba, Chinese e-commerce companies like LightInTheBox and DinoDirect are seeking deals to get goods ...

Advertisement