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Abercrombie Sales Plummet 14 Percent

2015-05-28 16:10:07| Apparel - Topix.net

Teen apparel retailer Abercrombie & Fitch Co reported a 14 percent fall in quarterly sales due to weak demand, a strong dollar, and higher discounts. The company's net loss widened to $63.2 million, or 91 cents per share, in the first quarter ended May 2, from $23.7 million, or 32 cents per share, a year earlier.

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