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Abercrombie and Fitch Q3 Loss |
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Written by Top Ten List
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Sunday, 18 October 2009 |
It seems that Abercrombie & Fitch Co. has reported loss for Q3 this year, with profits falling 39 percent, while overall revenue also has fallen by 15 percent. Profits for Q3 2009 totaled at $38.8 million, while revenue was at $765.4 million.
Abercrombie & Fitch Co. has mentioned that they will be pushing more affordable products into the market, in the near future, with the bid to counter the adverse effects from the economic crunch. The company also plans to expand their product range in other parts of the world, namely in the Asian countries, where sales still continue to show positive signs as compared to the US market.
Do you think that Abercrombie & Fitch Co. can survive the economic crisis?
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