HOLLISTER news and archive

Abercrombie & Fitch raises outlook on strong Q3

Abercrombie & Fitch third quarter net sales of 1.1 billion dollars, were up 20 percent on a reported basis and up 19 percent on a constant currency basis. Total company comparable sales for the quarter increased 16 percent. The growth was led by Abercrombie brands with sales increase of 30 percent and Hollister brands, which delivered 11 percent...

Business

Abercrombie & Fitch raises outlook on strong Q2

Abercrombie & Fitch Co. reported second quarter net sales of 935 million dollars, up 16 percent as compared to last year on a reported and a constant currency basis and comparable sales increase of 13 percent. Gross profit rate of 62.5 percent, was up approximately 460 basis points as compared to last year and operating income turned positive to...

Retail

Hollister and Gilly Hicks unveil new merged store concept

Hollister Co. and its sister brand Gilly Hicks have unveiled a new store concept alongside one another at Liverpool One. The duo first revealed the plans for the combined store in February 2023, with the retail space having now officially opened, seeing the Abercrombie & Fitch-owned brands come under one roof. In a 7,300 square foot location,...

Retail

Hollister unveils London store in Soho

Hollister has unveiled a new store in London’s Soho, housing the brand’s range of men’s and women’s apparel and accessories. The space looks to tailor to the Gen-Z customer group, a generation that Hollister is increasingly targeting through its updated brand positioning, which it said was reflected in the new store location. The store is in...

Business

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...

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...

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...

BusinessFeatured

Abercrombie & Fitch Q4 net sales increase by 4 percent

For the fourth quarter ended January 29, 2022, Abercrombie & Fitch Co. reported net sales of 1.2 billion dollars, up 4 percent compared to last year and down 2 percent compared to pre-Covid, 2019 fourth quarter. Commenting on the results, Fran Horowitz, the company’s chief executive officer, said: “2021 is a testament to the fundamental changes...