Abercrombie & Fitch's sales are falling - again - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Abercrombie & Fitch's sales are falling - again

(Source: Pixabay) (Source: Pixabay)
(KFVS) -

According to Business Insider, apparel retailer Abercrombie & Fitch Co.'s sales have dropped for the 14th straight quarter, and the company's shares have tumbled nearly 12 percent in pre-market trading on Tuesday, August 30.

"Flagship and tourist locations continued to account for the vast majority of the comparable sales decline as traffic remained a significant headwind," Executive Chairman Arthur Martinez said.

In an effort to start to regain lost shoppers, the company is hiring top designers to help jump start struggling clothing sales. The company also plans to leave the more logo-centric designs behind.

The company's total net sales fell 4.2 percent to $783.2 million. Analysts, on average, had expected a loss of 20 cents per share and revenue of $782.7 million, according to Thomson Reuters I/B/E/S.

Download the KFVS News app: iPhone | Android

Copyright 2016 KFVS. All rights reserved.

  • Trending StoriesTrending StoriesMore>>

  • Station: Video shows nurses laughing as 89-year-old dies

    Station: Video shows nurses laughing as 89-year-old dies

    Friday, November 17 2017 5:11 PM EST2017-11-17 22:11:09 GMT
    Sunday, November 19 2017 1:41 PM EST2017-11-19 18:41:48 GMT

    An Atlanta television station says video secretly recorded in a nursing home in 2014 shows nurses laughing while they try to start an oxygen machine and an 89-year-old World War II veteran dies.

    An Atlanta television station says video secretly recorded in a nursing home in 2014 shows nurses laughing while they try to start an oxygen machine and an 89-year-old World War II veteran dies.

  • Trump says he should have left UCLA players in Chinese jail

    Trump says he should have left UCLA players in Chinese jail

    Sunday, November 19 2017 1:33 PM EST2017-11-19 18:33:58 GMT
    Sunday, November 19 2017 4:31 PM EST2017-11-19 21:31:56 GMT

    After UCLA player's father minimized President Donald Trump's involvement in winning players' release from China, Trump tweets, "I should have left them in jail!".

    After UCLA player's father minimized President Donald Trump's involvement in winning players' release from China, Trump tweets, "I should have left them in jail!".

  • Woman convicted in hair weave killings collapses as guilty verdict read

    Woman convicted in hair weave killings collapses as guilty verdict read

    Saturday, November 18 2017 8:09 AM EST2017-11-18 13:09:51 GMT
    Shelby Isaac (Source: WMC Action News 5)Shelby Isaac (Source: WMC Action News 5)

    Shelby Isaac was found guilty on two counts of second-degree murder in the shooting and killing E.J. Tate, his girlfriend Edwina Thomas, and their unborn child in January 2016. 

    Shelby Isaac was found guilty on two counts of second-degree murder in the shooting and killing E.J. Tate, his girlfriend Edwina Thomas, and their unborn child in January 2016. 

Powered by Frankly