ABERCROMBIE&FITCH news and archive

Abercrombies & Fitch Q4 sales up, earnings decline

For the fourth quarter, Abercrombie & Fitch net sales of 1.2 billion dollars, were up 3 percent on a reported basis and 5 percent on a constant currency basis. For the full year, net sales of 3.7 billion dollars remained approximately flat on a reported basis and up 2 percent on a constant currency basis. Net income per diluted share was 75...

Business

Helen Vaid joins Abercrombie & Fitch board as independent director

Abercrombie & Fitch Co. has announced the election of Helen Vaid as an independent director, effective February 16, 2023. With Vaid’s election, the company's board of directors expands to eleven, six of whom are female. Vaid, 51, the company said in a release, was most recently the chief executive officer of Foundry Brands, a digitally native...

Retail

Hollister and Gilly Hicks to open combined prototype store

Abercrombie & Fitch Co., the parent company of teen retailers Hollister and Co. and Gilly Hicks, has announced it is opening a new combined prototype store for the brands at Liverpool One in the UK. The new store, slated to open this summer, will occupy a new space on South John Street and will showcase a new combined space bringing the...

Business

Abercrombie & Fitch updates Q4 outlook

Updating its outlook, Abercrombie & Fitch Co. said it expects fourth quarter sales to increase in the range of 1 percent to 2 percent compared to the previous outlook of decrease in the range of 2 percent to 4 percent and full year sales to be down around 1 percent compared to the earlier expectation of decrease between 2 to 3 percent. The...

BusinessFeatured

Abercrombie & Fitch reports flat sales growth, announces leadership transition

Abercrombie & Fitch Co. reported net sales of 880 million dollars, down 3 percent on a reported basis and approximately flat on a constant currency basis. Gross profit rate of 59.2 percent, was down approximately 450 basis points as compared to last year. The company said, net loss per diluted share was 4 cents on a reported basis and 1 cents on...

Business

Abercrombie & Fitch posts loss, lowers forecast

Abercrombie & Fitch Co. net sales of 805 million dollars, were down 7 percent as compared to last year on a reported basis and down 4 percent on a constant currency basis. Net loss per diluted share was 33 cents and 30 cents on a reported and adjusted non-GAAP basis, respectively compared to net income per diluted share last year of 1.69 dollars...

RetailFeatured

Abercrombie & Fitch launches new refreshed retail concept

Abercrombie & Fitch has unveiled a new “getaway” inspired retail concept inspired by the feelings experienced at the start of a long weekend to cater for its young millennial and zillennial customers. The new getaway-themed has been designed to replicate a chic hotel lobby, explains Abercrombie & Fitch in the press release, to prioritise...

Business

Felix Carbullido steps down from the Abercrombie & Fitch board

Abercrombie & Fitch Co. (A&F) has announced that effective today, Felix Carbullido will no longer serve on the company’s board. The company said in a statement that after three years with the company, Carbullido is stepping down from A&F Co.’s board due to an increase in responsibilities given his newly appointed role as president of the...

Business

Abercrombie & Fitch targets revenues of 4.1 to 4.3 billion dollars by FY2025

As part of its Always Forward Plan, Abercrombie & Fitch Co. anticipates annual revenues of 4.1 billion dollars to 4.3 billion dollars and an annual operating margin rate at or above 8 percent by the end of fiscal 2025. In the longer-term, the company believes it can reach 5 billion dollars of annual revenues and an annual operating margin rate...

Business

Abercrombie & Fitch reports Q1 loss, lowers outlook

For its first quarter, Abercrombie & Fitch Co. reported net sales of 813 million dollars, up 4 percent compared to last year. Gross profit rate of 55.3 percent, was down approximately 810 basis points. Operating loss was 10 million dollars and 6 million dollars on a reported and adjusted non-GAAP basis, respectively. The company’s net loss per...

Fashion Featured

New Netflix documentary charts rise and fall of Abercrombie & Fitch

A new Netflix documentary explores Abercrombie & Fitch's (A&F) pop culture reign in the late ’90s and early 2000s and how it thrived on exclusion. Titled 'White Hot: The Rise and Fall of Abercrombie & Fitch', it debuts on Netflix on April 19th. The documentary focuses on the various scandals that have swept the label, starting with the 2004...

Fashion

Abercrombie extends into activewear through new sub-brand, YPB

Abercrombie & Fitch has set its sights on the activewear market with the launch of its new sub-brand, Your Personal Best (YPB). The line, which hopes to empower its customers, includes a range of fashion-forward, functional activewear and accessories for both men and women. Breathable bottoms, stretch tops with performance-enhancing elements and...