Abercrombie quarterly sales fall 5%

In this news, we discuss the Abercrombie quarterly sales fall 5%.

(Tech News Update) – Abercrombie & Fitch Co posted a 5% fall in quarterly net sales on Tuesday, as mall traffic took a hit from consumers staying at home during the COVID-19 pandemic.

Net sales fell to $1.12 billion from $1.18 billion a year earlier, in line with analysts’ average estimate of $1.12 billion, according to Refinitiv IBES data.

Reporting by Aditi Sebastian; Editing by Devika Syamnath

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