May 18, 2010, 12:00 AM

Healthy online growth returns to Abercrombie & Fitch

Web sales boomed 42% for specialty apparel retailer Abercrombie & Fitch Co. in the first quarter, but the company is still working to regain profits. Total sales grew 14.3% while comparable-store sales rose 1%.

Mark

Managing Editor

Lead Photo

CEO Mike Jeffries

Web sales boomed for specialty apparel retailer Abercrombie & Fitch Co. in the first quarter, but the company is still working to regain profits.

For the quarter ended May 1, Abercrombie, No. 65 in the Internet Retailer Top 500 Guide, recorded:

  • Web sales increased 41.9% to $68.8 million from $48.5 million in the first quarter of 2009.
  • Total sales grew 14.3% to $687.8 million from $601.7 million in the previous year. 
  • Comparable-store sales increased 1%.
  • Net loss was $11.8 million compared with a net loss of $59.2 million in the prior year.


"We are pleased with our overall reported sales growth of 14% for the quarter,” says CEO Mike Jeffries. “We continue to be very focused on achieving sustainable, profitable growth in both our domestic and international businesses."

Internet Retailer calculates the web accounted for 10.0% of total sales compared with 8.1% the same as the prior year.

Comments

Sign In to Make a Comment

Comments are moderated by Internet Retailer and can be removed.

Not a member? Signup for free today!

Advertisement

Advertisement

Advertisement

Relevant Commentary

FPO

Seth Barnes / BLOG_ROOT

Commissions are for closers

A Savings.com executive responds to an Internet Retailer article describing a web merchant’s decision to ...

FPO

Jason Squardo / Mobile Commerce

Five tips for achieving high mobile search rankings

Searches on mobile devices will soon exceed those on computers, Google says. Retailers that keep ...

Advertisement