Abercrombie remains adrift; sales miss analysts' estimates

New York

ABERCROMBIE & Fitch Co, the teen retailer looking for a new chief executive officer, posted a worse fourth-quarter sales decline than analysts estimated after struggling to lure customers during the holidays.

Sales at comparable stores, which includes locations open at least a year as well as e-commerce orders, fell 10 per cent, the New Albany, Ohio-based company said in a statement on Wednesday. Analysts had projected an 8.2 per cent drop, according to Consensus Metrix.