U.S. apparel retailer Abercrombie & Fitch on Monday updated its fourth-quarter and fiscal 2021 sales outlook, citing supply chain hurdles and the spread of the Omicron variant for lacklustre Holiday period sales.
The American fashion retailer reported Q3 net sales of $905.2 million on Tuesday, a figure that represented an increase of 10% compared to $819.7 million in the prior-year period, led by a 17% rise in the United States.
The fashion retailer has named 18-year-old streamer and esports champion Kyle “Bugha” Giersdorf as its first chief gaming scout, a role in which he will help select talent for the brand’s new gamer training program.
Abercrombie & Fitch Co reported a bigger-than-expected 61% jump in first-quarter sales on Wednesday, as the apparel retailer benefited from shoppers returning to its stores and using its beefed-up online business.
The international fragrance company achieved net income of $27.7 million in the first quarter ended March 31, 2020, up 175% from $10.1 million in the prior-year period, and 47% from $18.9 million in Q1 2019.