By  on August 1, 2012

Abercrombie & Fitch Co., faced with drooping sales and a weak European economy, is putting the brakes on expansion and cutting its forecasts.

A&F said comparable-store sales for the second quarter ended July 28 fell 10 percent overall, with U.S. stores declining 5 percent and international stores plummeting 26 percent. Within the quarter, sales were weakest in June.

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