Abercrombie & Fitch Co. (New Albany, Ohio) has reported a 52 percent increase in net sales for the five-week period ended July 2, 2005. Same-store sales increased 38 percent.
By division, Abercrombie & Fitch same-store sales increased 34 percent; abercrombie same-store sales increased 68 percent; and Hollister Co. same-store sales increased 35 percent.
Year-to-date, the specialty apparel retailer has enjoyed a net sales increase of 39 percent and a 25 percent jump in same- store sales.
The company also announced the hiring of Michael Kramer as senior vp and cfo, effective August 8. Kramer joins Abercrombie & Fitch from Apple Inc. (Cupertino, Calif.), where he was cfo of Apple Retail. His previous retail experience includes positions at Gateway Inc. (Irvine, Calif.), Limited Inc. (Columbus, Ohio) and Pizza Hut Inc., the Dallas-base division of Pepsico.
For the June 2005 sales reports by May Co., Chico’s, Nordstrom and Ann Taylor, see the Retail Financial Reports channel on this web site.