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Abercrombie & Fitch sees third quarter sales rise 18%

American casualwear retailer Abercrombie & Fitch Co has reported an 18% rise in total net sales to $885.5m (£557m) for the 13 weeks to October 30 driven by “outstanding” international sales and an improved domestic performance.

Total international net sales, including direct-to-consumer net sales, increased by 87% to $164.1m (£103.2m), while total domestic net sales, rose by 8% to $721.7m ($453m). Comparable store sales rose by 7%. Total company direct to consumer net merchandise sale were up by 32% to $81.4m £51.1m).

Net income for the quarter rose 29% to $50m compared to $38.8m (£31.4m) for the same period last year.

Mike Jeffries, chief executive and chairman of Abercrombie & Fitch Co,said: “We are pleased with our performance against our objectives for the quarter, and remain very excited about the opportunities ahead of us across all areas of our business. Our domestic business has continued to improve, our international results are outstanding, and our direct to consumer business is posting very strong growth.”

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