American fashion retailer Abercrombie & Fitch has posted a seven per cent decline in sales over the last quarter.
This marks the 16th consecutive quarter of declining sales for the retailer, which also owns Hollister, attributing a challenging retail environment to its continuing struggles.
In the quarter ending January 28, net sales dropped from £900 million to £850 million from the prior three months.
Net income also dropped from £46.97 million to £39.74 million, along with a share price drop of 14 cents per share.
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