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Abercrombie expects holiday-quarter sales to decline as much as 7%

Jan 11 (Reuters) - Apparel retailer Abercrombie & Fitch Co on Monday forecast net sales to decline between 5% and 7% in the holiday quarter, as strong online demand was not enough to cushion the blow from temporary store closures and COVID-19 restrictions.

The company had previously estimated net sales to decline between 5% and 10% for the quarter. (Reporting by Praveen Paramasivam in Bengaluru; Editing by Amy Caren Daniel)

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