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Abercrombie & Fitch racks up 41% web sales growth in Q3

November 8, 2011 04:35 PM
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Abercrombie & Fitch Co. reported strong sales across the board for the third quarter and first nine months of fiscal 2011.

For the quarter ended Oct. 29, Abercrombie & Fitch, No. 56 in the Internet Retailer Top 500 Guide, reported:

  • E-commerce sales increased 41% to $132.4 million from about $94.0 million in the third quarter of 2010, based on Internet Retailer calculations. Abercrombie includes shipping and handling in direct-to-consumer sales.
  • Total sales were $1.07 billion, a 21% increase from $885.8 million.
  • Comparable-store sales increased 7%.

Internet Retailer estimates the web accounted for 12.4% of total sales compared with 10.6% in the third quarter of 2010.

The company did not include Q3 or year-to-date earnings in its Q3 sales report, but plans to do so in its full report on Nov. 16.

For the first nine months:

  • Web sales, including shipping and handling, increased about 34.1% to $340.3 million from about $253.7 million in the same period last year.
  • Total sales were $2.8 billion, a 22% increase from $2.3 billion.
  • Comparable-store sales increased 8%.

Internet Retailer estimates the web accounted for 12.2% of total sales through three quarters, compared with 11.0% in the prior year period.

 

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