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Abercrombie shares fall the most in 3 years as slow sales weigh on results

Thursday, September 1, 2016 - 05:50
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The chain has fallen off the radar for many consumers. Total sales fell 4.2 per cent to US$783.2 million in the second quarter, missing analysts' US$783.6 million projection.

New York

ABERCROMBIE & Fitch Co tumbled the most in three years after slow sales at flagship locations weighed on its latest results and outlook, sparking concerns that its turnaround is sputtering.

The loss in the second quarter was 25 US cents a share, excluding some items,

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