Net sales for the first quarter decreased 14% to $709.4 million, driven by a comparable sales decline of 8% and an adverse effect from changes in foreign currency exchange rates of 6%. Net sales for the first quarter decreased 11% to $448.9 million in the U.S. and 18% to $260.5 million internationally. Comparable sales for the first quarter decreased 7% in the U.S. and 9% internationally. On a sequential basis, Abercrombie comparable sales declined slightly in both the U.S. and internationally, while Hollister comparable sales improved in both the U.S. and internationally, due to positive comparable sales in Asia and broad-based sequential improvement in Europe, including in the U.K.
Good performances by the nonfiction segment offset softness in fiction in the week ended June 8, 2019, leading to a small gain in print unit sales over the comparable week in 2018 at outlets that report to NPD BookScan. Unit sales of adult nonfiction rose 6.1% over the week ended June 9, 2018, despite the lack of hot new titles. The top new book was Michael Wolff’s Siege, which sold just under 18,000 copies, putting it in fifth place on the category bestseller list. Scribner’s edition of The Mueller Report continues to have legs, selling 22,000 copies in the week, putting it in second place behind Unfreedom of the Press by Mark Levin, which sold more than 30,000 copies. Unit sales of print books rose 4% in juvenile nonfiction, where the nine top-selling titles were tied to summertime instructional activities.
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