-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HKDl5AWmraWfSLSiduNNuIslRs5qd6LUL9MQ9VEYmbiIkfAx4yUh6DpheAQy10p/ w/C996fClJ9PDIoz8pVYPA== 0000950152-08-008854.txt : 20081106 0000950152-08-008854.hdr.sgml : 20081106 20081106160039 ACCESSION NUMBER: 0000950152-08-008854 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20081106 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20081106 DATE AS OF CHANGE: 20081106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ABERCROMBIE & FITCH CO /DE/ CENTRAL INDEX KEY: 0001018840 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] IRS NUMBER: 311469076 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12107 FILM NUMBER: 081167159 BUSINESS ADDRESS: STREET 1: 6301 FITCH PATH CITY: NEW ALBANY STATE: OH ZIP: 43054 BUSINESS PHONE: 6145776500 MAIL ADDRESS: STREET 1: 6301 FITCH PATH CITY: NEW ALBANY STATE: OH ZIP: 43054 8-K 1 l34450ae8vk.htm FORM 8-K FORM 8-K
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 6, 2008
ABERCROMBIE & FITCH CO.
(Exact name of registrant as specified in its charter)
         
Delaware   1-12107   31-1469076
         
(State or other jurisdiction of   (Commission File Number)   (IRS Employer Identification No.)
incorporation)        
6301 Fitch Path, New Albany, Ohio 43054
(Address of principal executive offices) (Zip Code)
(614) 283-6500
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address,
if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


TABLE OF CONTENTS

Item 7.01. Regulation FD Disclosure
Item 9.01. Financial Statements and Exhibits
SIGNATURE
INDEX TO EXHIBITS
EX-99.1
EX-99.2


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Item 7.01.   Regulation FD Disclosure.
     On November 6, 2008, Abercrombie & Fitch Co. (the “Registrant”) issued a news release reporting net sales and comparable store sales for the four-week period ended November 1, 2008 and for the fiscal year-to-date. A copy of the November 6, 2008 news release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
     In connection with the November 6, 2008 news release, the Registrant made available by telephone a pre-recorded message addressing the Registrant’s net sales and comparable store sales for the four-week period ended November 1, 2008. To listen to this pre-recorded sales message, dial (800) 395-0662, or internationally, dial (402) 220-1262. A copy of the pre-recorded sales message transcript is furnished as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01.   Financial Statements and Exhibits.
     (a) through (c) Not applicable.
     (d) Exhibits:
     The following exhibits are furnished with this Current Report on Form 8-K:
         
Exhibit No.   Description
       
 
  99.1    
News release issued by Abercrombie & Fitch Co. on November 6, 2008
       
 
  99.2    
Transcript of pre-recorded message of Abercrombie & Fitch Co. addressing net sales and comparable store sales for four-week period ended November 1, 2008

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SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  ABERCROMBIE & FITCH CO.
 
 
Dated: November 6, 2008  By:   /s/ Brian Logan    
    Brian Logan   
    Vice President, Finance and Controller   
 

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INDEX TO EXHIBITS
Current Report on Form 8-K
Dated November 6, 2008
Abercrombie & Fitch Co.
         
Exhibit No.   Description
       
 
  99.1    
News release issued by Abercrombie & Fitch Co. on November 6, 2008
       
 
  99.2    
Transcript of pre-recorded message of Abercrombie & Fitch Co. addressing net sales and comparable store sales for four-week period ended November 1, 2008

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EX-99.1 2 l34450aexv99w1.htm EX-99.1 EX-99.1
Exhibit 99.1
ABERCROMBIE & FITCH REPORTS
OCTOBER SALES RESULTS
New Albany, Ohio, November 6: Abercrombie & Fitch (NYSE: ANF) today reported net sales of $215.0 million for the four-week period ended November 1, 2008, a 14% decrease from net sales of $251.1 million for the four-week period ended November 3, 2007. October comparable store sales decreased 20%. Total Company direct-to-consumer net sales decreased 4% to $17.7 million for the four-week period ended November 1, 2008, compared to the four-week period ended November 3, 2007.
Year-to-date, the Company reported a net sales increase of 1% to $2.542 billion from $2.521 billion last year. Comparable store sales decreased 8% for the year-to-date period. Year-to-date, the Company reported that direct-to-consumer net sales increased 17% to $175.9 million.
October 2008 Developments
    Total Company net sales decreased 14%
 
    Total Company direct-to-consumer net sales decreased 4%
 
    Total Company comparable store sales decreased 20%
 
    Abercrombie & Fitch comparable store sales decreased 14%
 
    abercrombie comparable store sales decreased 26%
 
    Hollister Co. comparable store sales decreased 25%
 
    RUEHL comparable store sales decreased 26%
The Company operated 353 Abercrombie & Fitch stores, 209 abercrombie stores, 495 Hollister Co. stores, 27 RUEHL stores and 13 Gilly Hicks stores in the United States at the end of fiscal October. The Company operates three Abercrombie & Fitch stores, one abercrombie store, three Hollister Co. stores in Canada, and one Abercrombie & Fitch store and one Hollister Co. store in London, England. The Company operates e-commerce websites at www.abercrombie.com, www.abercrombiekids.com, and www.hollisterco.com and www.RUEHL.com.
To hear the Abercrombie & Fitch pre-recorded October sales message, please dial (800) 395-0662, or internationally, dial (402) 220-1262.
The Company will release its third quarter results on Friday, November 14, 2008, prior to the open of the market and hold a conference call at 8:30 AM Eastern Time. To listen to the conference call, dial (800) 811-0667 and ask for the Abercrombie & Fitch Quarterly Call or go to www.abercrombie.com. The international call-in number is (913) 981- 4901. This call will be recorded and made available by dialing the replay number (888) 203-1112 or the international number (719) 457-0820, followed by the conference ID number 8532483 or through www.abercrombie.com.

 


 

# # # #
     
For further information, call:
  Investor Inquiries:
 
  Eric Cerny
 
  Manager, Investor Relations
 
  (614) 283-6385
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
A&F cautions that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this Press Release or made by management of A&F involve risks and uncertainties and are subject to change based on various important factors, many of which may be beyond the Company’s control. Words such as “estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend,” and similar expressions may identify forward-looking statements. The following factors, in addition to those included in the disclosure under the heading “FORWARD-LOOKING STATEMENTS AND RISK FACTORS” in “ITEM 1A. RISK FACTORS” of A&F’s Annual Report on Form 10-K for the fiscal year ended February 2, 2008, in some cases have affected and in the future could affect the Company’s financial performance and could cause actual results for the 2008 fiscal year and beyond to differ materially from those expressed or implied in any of the forward-looking statements included in this Press Release or otherwise made by management: changes in consumer spending patterns and consumer preferences; the effects of political and economic events and conditions domestically and in foreign jurisdictions in which the Company operates, including, but not limited to, acts of terrorism or war; the impact of competition and pricing; changes in weather patterns; postal rate increases and changes; paper and printing costs; market price of key raw materials; ability to source product from its global supplier base; political stability; currency and exchange risks and changes in existing or potential duties, tariffs or quotas; availability of suitable store locations at appropriate terms; ability to develop new merchandise; ability to hire, train and retain associates; and the outcome of pending litigation. Future economic and industry trends that could potentially impact revenue and profitability are difficult to predict. Therefore, there can be no assurance that the forward-looking statements included in this Press Release will prove to be accurate. In light of the significant uncertainties in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company, or any other person, that the objectives of the Company will be achieved. The forward-looking statements herein are based on information presently available to the management of the Company. Except as may be required by applicable law, the Company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

 

EX-99.2 3 l34450aexv99w2.htm EX-99.2 EX-99.2
Exhibit 99.2
Abercrombie & Fitch
October 2008 Sales Release
Call Script
This is Eric Cerny, Manager Investor Relations of Abercrombie & Fitch. The following is a summary of our sales results for the fiscal month ended November 1st, 2008.
Before I begin, I remind you that any forward-looking statements I may make are subject to the Safe Harbor Statement found in our SEC filings.
Net sales for the four-week period ended November 1st, 2008, were $215.0 million, a 14% decrease from net sales of $251.1 million for the four-week period ended November 3rd, 2007. Total Company direct-to-consumer net sales were $17.7 million for the four-week period ended Novemeber 1st, 2008, a 4% decrease from sales for the four-week period ended November 3rd, 2007. October comparable store sales decreased 20%.
By brand, Abercrombie & Fitch comparable store sales were down 14%. Men’s comps were down by a low single digit; women’s comps were down by a low twenty. Transactions per store per week decreased 20%; average transaction value increased 8%.
In abercrombie, comparable store sales were down 26%. Boys comps were down by a mid teen; girls comps were down by a low thirty. Transactions per store decreased 27%; average transaction value decreased 1%.
Hollister comparable store sales were down 25%. Dudes comps were down by a mid teen; Bettys comps were down by a high twenty. Transactions per store decreased 29%; average transaction value increased 5%.
RUEHL comparable store sales were down 26%. Men’s comps were down a low double digit; women’s comps were down by a high thirty. Transactions per store decreased 37%; average transaction value increased 4%.
From a merchandise classification standpoint across all brands, strongest performing masculine categories included knit tops, polos, and fragrance, while graphic tees and fleece were weakest. In the feminine businesses, woven shirts, sweaters and jeans were stronger performing categories, while knit tops, graphic tees and fleece were weakest.
Comparable store sales were strongest in flagship stores and US-based “tourist” stores. Regionally, excluding flagship stores and US-based “tourist” stores, comparable store sales were down in all US regions and Canada.
The Company will release its third quarter results on Friday, November 14, 2008, prior to the open of the market followed by a conference call at 8:30am Eastern Time. To listen to the conference call, dial (800) 811-0667 and ask for the Abercrombie & Fitch Quarterly Call or go to www.abercrombie.com. The international call-in number is (913) 981-4901. This call will be recorded and made available by dialing the replay number (888) 203-1112 or the international number (719) 457-0820, followed by the conference ID number 8532483 or through www.abercrombie.com.
Thank You.

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