Abercrombie & Fitch Co. today reported net sales of $221.6 million for the five-week period ended July 2, 2005, a 52% increase over last year's net sales of $146.1 million for the five-week period ended July 3, 2004. June comparable store sales increased 38% over the same period last year.
Year-to-date, the Company reported a net sales increase of 39% to $927.4 million from $669.5 million last year. Comparable store sales increased 25% for the year-to-date period.
June 2005 Highlights
– Total Company net sales increased 52%
– Total Company comparable store sales increased 38%
– Abercrombie & Fitch comparable store sales increased 34%
– abercrombie comparable store sales increased 68%
– Hollister Co. comparable store sales increased 35%
Kramer Named Chief Financial Officer
The Company also announced that Michael W. Kramer, 41, will join Abercrombie & Fitch as Senior Vice President and Chief Financial Officer. His appointment is effective August 8, 2005.
“Mike has thrived in collaborative and creative environments throughout his career,” said Mike Jeffries, Chairman and Chief Executive Officer. “His understanding of leveraging the power of strong brands makes him a great new leader for the company.”
Kramer joins Abercrombie & Fitch from Apple Inc., where he was Chief Financial Officer of Apple Retail. His previous retail experience includes positions at Gateway, Inc., Limited, Inc. and Pizza Hut, Inc. of Pepsico. Mr. Kramer received a B.A. in Business Administration and Accounting from Kansas State University and is a Certified Public Accountant.
The Company operated 347 Abercrombie & Fitch stores, 162 abercrombie stores, 275 Hollister Co. stores and 5 RUEHL stores at the end of fiscal June. The Company operates e-commerce websites at http://www.abercrombie.com, http://www.abercrombiekids.com, and http://www.hollisterco.com.