Abercrombie warns of challenging holiday quarter
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New York
ABERCROMBIE & Fitch Co warned of a challenging holiday quarter after reporting its 15th straight decline in quarterly sales, indicating that the teen apparel retailer's turnaround efforts had failed to attract shoppers.
Shares of the company, once popular for its logo-emblazoned polo shirts, sweatpants and sweat shirts, fell 13.29 per cent to US$14.68 on Friday.
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