Nov 21 Abercrombie & Fitch Co reported a
quarterly loss, with comparable-store sales declining for the
seventh straight quarter as the teen apparel retailer struggles
with the changing tastes of young shoppers.
A&F reported a net loss of $15.6 million, or 20 cents per
share, for the third quarter ended Nov. 2 compared with net
income of $84.0 million, or $1.02 per share, a year earlier.
Excluding items, the company earned 52 cents per share.
Net sales fell 12 percent to $1.03 billion. Total comparable
sales, including online sales, fell 14 percent.
The company announced the comparable store sales figures
earlier this month.
A&F shares were down 2 percent at $34.25 in premarket
(Reporting by Aditi Shrivastava in Bangalore; Editing by