Abercrombie & Fitch's sales fall 7 percent

http://feeds.reuters.com/~r/reuters/businessNews/~3/B272gbPCLH0/us-abercrombie-results-idUSKBN1691NV

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(Reuters) - U.S. teen apparel retailer Abercrombie & Fitch Co reported a 7 percent drop in quarterly sales on Thursday - the 16th straight quarterly decline - and said a competitive retail environment drove it to promote more.

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