Abercrombie Sales Plummet 14 Percent

05/28/2015 07:41 am ET | Updated May 28, 2016

May 28 (Reuters) - Teen apparel retailer Abercrombie & Fitch Co reported a 14 percent fall in quarterly sales due to weak demand, a strong dollar, and higher discounts.

The company's net loss widened to $63.2 million, or 91 cents per share, in the first quarter ended May 2, from $23.7 million, or 32 cents per share, a year earlier.

Net sales fell to $709.4 million from $822.4 million, while comparable sales fell 8 percent. (Reporting by Ramkumar Iyer in Bengaluru; Editing by Joyjeet Das)

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