Friday, February 18, 2011

“abercrombie kids comparable store sales drop - Fibre2Fashion” plus 1 more

“abercrombie kids comparable store sales drop - Fibre2Fashion” plus 1 more


abercrombie kids comparable store sales drop - Fibre2Fashion

Posted:


Abercrombie & Fitch Co. reported unaudited results which reflected net income of $47.5 million and net income per diluted share of $0.53 for the thirteen weeks ended January 30, 2010, compared to net income of $68.4 million and net income per diluted share of $0.78 for the thirteen weeks ended January 31, 2009.

Excluding a net loss from discontinued operations and non-cash asset impairment charges, the Company reported non-GAAP net income per diluted share of $0.91 for the thirteen weeks ended January 30, 2010, compared to non-GAAP net income per diluted share of $1.06 for the comparable period last year.

A reconciliation of net income per diluted share on a GAAP basis to net income per diluted share excluding net loss from discontinued operations and non-cash asset impairment charges, a non-GAAP financial measure, is summarized in a table accompanying the Condensed Consolidated financial statements included with this release.

The Company also reported net income of $0.3 million and net income per diluted share of $0.00 for the fifty-two weeks ended January 30, 2010, compared to net income of $272.3 million and net income per diluted share of $3.05 for the fifty-two weeks ended January 31, 2009.

Excluding a net loss from discontinued operations and non-cash asset impairment charges, the Company reported non-GAAP net income per diluted share of $1.12 for the fifty-two weeks ended January 30, 2010, compared to non-GAAP net income per diluted of $3.51 for the comparable period last year.

The Company completed the closure of its RUEHL branded stores and related direct-to-consumer operations during the fourth quarter. Accordingly, the after-tax operating results for Ruehl are included in discontinued operations for all periods presented in the Company's Condensed Consolidated Statements of Income.

Fourth Quarter Sales Highlights – From Continuing Operations

• Total Company net sales, including direct-to-consumer net sales, decreased 5% to $936.0 million

• Total Company domestic net sales, including direct-to-consumer net sales, decreased 12% to $793.1 million

• Total Company international net sales, including direct-to-consumer net sales, increased 86% to $142.9 million

• Comparable store sales decreased 13%

• Total Company direct-to-consumer net merchandise sales were $93.1 million, flat compared to last year

• Abercrombie & Fitch net sales of $398.0 million; Abercrombie & Fitch comparable store sales decreased 8%

• abercrombie kids net sales of $111.8 million; abercrombie kids comparable store sales decreased 11%

• Hollister Co. net sales of $417.1 million; Hollister Co. comparable store sales decreased 19%

Mike Jeffries, Chief Executive Officer and Chairman of the Board of Abercrombie & Fitch Co., said:

"Having managed through a very difficult retail environment in 2009 with a long-term mindset of protecting our brands, we look forward to 2010 as we intend to grow the business internationally and improve the profitability of the domestic business."

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Springtime Window Decorations: A Craft for Kids - Associated Content

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These pretty creations will add a splash of color to your home. Have fun creating colorful, nature-inspired spring time decorations with your kids.

Supplies:
Washable Markers (Classic and Thin Tipped)
Crayons
Double Stick Tape
Paper Towels
Food Coloring
Spray Bottle
Paint Pipette
Eye Dropper
Color Diffusing Paper


Spring-themed Stencils, such as flowers, butterflies, dragonflies, and leaves.
Pencil
Scissors

Instructions:

1) Wear old clothing or a protective smock, as this craft can be messy. Protect work surface with newspaper or a plastic tarp.

2) Trace your stencil shapes on the color diffusing paper and cut them out.

3) Use one of the methods below to add color to your stencils. Place them on a flat, clean work surface to let dry.

Color Diffusing Method 1: With the spray bottles, blend food coloring with water to create the desired colors. Taking your time, begin misting over the shapes and watch the colors diffuse. To better control the colors, use a Paint Pipette or eyedropper to drop color on the shapes. Dropping from different heights will create different results.

Color Diffusing Method 2: Color and draw over the shapes with washable markers, then mist lightly with plain water from a spray bottle. The more water you use, the more the color will bleed.

Color Diffusing Method 3: To make permanent images, use a crayon to draw your design onto one of the shapes. This method works best when working with dry paper, so draw the designs before you start color diffusing, or wait until an already colored shape is dry.

4) Using the double-sided tape stick the shapes on a window that catches a lot of sun.

Tips:

The blend of colors is slow at first, but gradually moves out, so must the paper lightly. The more water you use, the more the color will spread, as well as create lighter shades and pastel looks.

To create a tie-dyed look, leave a larger space between each color before misting.

Add something special to your creations by using gel pens, metallic paint, glitter paint, or glitter glue. You may add these things as you are diffusing the color to experiment, or after the shapes are already dry.

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