12 per cent sales dip at Abercrombie & Fitch

The US based apparel retailer Abercrombie & Fitch witnessed 12 per cent sales plunge in the third quarter that ended on November 1, 2014. Net sales for the third quarter of 2014 went down to US $ 911.4 million from US $ 1.033 billion for the third quarter that ended on November 2, 2013. The company said, “We are clearly disappointed with our results for the third quarter. Continued weak store traffic was the primary contributor to the weak sales trend, particularly in Europe.” The retailer operates 834 stores in the United States and 166 stores across Canada, Europe, Asia, Australia and the Middle East and various e-commerce brand websites.

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