By  on August 28, 2014

Abercrombie & Fitch posted a second-quarter gain in net income.

For the three months ended Aug. 2, net income rose 13.3 percent to $12.9 million, or 17 cents a diluted share, from $11.4 million, or 14 cents, a year ago. Net sales slipped 5.8 percent to $890.6 million from $945.7 million.

Michael Jeffries, chief executive officer, said, "In a continued challenging environment, our sales for the second quarter were somewhat below plan, but we have seen modest improvement since the back-to-school floorset. We are confident that the evolution of our assortment will drive further improvements going forward, in particular as we move past the headwind of adverse likes in our logo business as we work to strategically reduce that element in our assortment."

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