Abercrombie & Fitch's first quarter results sharply missed already low expectations: Sales slipped 8.9% to $838.8 million and shares fell by almost 10% last week, trading at the bottom of the S&P 500. In its home market – the US, which accounts for more than 60% of total revenue – sales dropped by 17%. Luckily international sales increased by 10%, mostly coming from new store o