November 17, 2010, 11:03 AM

Web sales grow nicely for Abercrombie in Q3

Internet sales increased year over year 27.4% to $81.4 million.

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Web sales at Abercrombie & Fitch Co. trended higher in the third quarter at a healthy rate.

For the third quarter ended Oct. 30, Abercrombie, No. 65 in the Internet Retailer Top 500 Guide, reported:

  • Web sales increased year over year 27.4% to $81.4 million from $63.9 million.
  • Total sales grew 17.5% to $885.8 million from $753.7 million in the third quarter of 2009.
  • Comparable-store sales increased 7%.
  • Net income increased 28.9% to $50.0 million from $38.8 million.

“Our domestic business has continued to improve and our direct-to-consumer business is posting very strong growth,” says CEO Mike Jeffries.

Internet Retailer calculates the web accounted for 9.2% of total sales compared with 8.5% in the third quarter of 2009.

For the first nine months:

  • Abercrombie did not break out year-to-date web sales. Based on figures previously released for each quarter, Internet Retailer calculates web sales increased year over year 35.6% to $219.2 million from $161.7 million in the first three quarters of 2009.
  • Total sales grew to 16.1% to $2.31 billion from $1.99 billion.
  • Net income was $57.7 million compared with a net loss of $47.2 million in the first three quarters of 2009.

Internet Retailer calculates the web accounted 9.5% of total sales compared with 8.1% in the prior year.

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