Abercrombie & Fitch news and archive

Abercrombie & Fitch to Enter India

American retail group Abercrombie & Fitch is entering India through a multi-year franchise partnership with Myntra Jabong India Private, Ltd. to expand the global reach of its brands in the country. In a statement, Abercrombie & Fitch said that Myntra’s business-to-business wholesale entity, Myntra Jabong, will develop the Abercrombie & Fitch...

BusinessFeatured

Abercrombie & Fitch posts ‘record’ Q3 sales, appoints new CFO

American retail giant Abercrombie & Fitch has reported “record” sales for the third quarter of the current fiscal year, reaching 1.2 billion dollars at an increase of 14 percent on the same period of the year prior. Based on what it said was an “outperformance”, the retailer has thus increased its full year outlook. For the three months ended...

Business

Abercrombie ‘disgusted’ by former CEO arrested on sex trafficking charges

Abercrombie & Fitch has spoken up following the arrest of Mike Jeffries, stating that the company was “appalled and disgusted by the alleged behaviour” of its former chief executive officer. Jeffries was arrested Tuesday on federal sex trafficking and interstate prostitution charges alongside his partner Matthew Smith and another associate....

People

Ex-Abercrombie CEO to face sex assault charges: media

The former chief executive of the Abercrombie and Fitch clothing empire will face charges of sexually assaulting and trafficking male models at events around the world, media reported Tuesday. Ex-CEO Mike Jeffries, his partner Matthew Smith and the pair's alleged go-between were arrested by authorities early Tuesday, the BBC reported....

Business

Marcolin and Abercrombie & Fitch secure eyewear licensing agreement

Eyewear group Marcolin has established an exclusive licensing agreement with apparel brand Abercrombie & Fitch Co. which will see it take over the design, production and distribution of eyewear collections for the Abercrombie, Abercrombie Kids and Hollister brands. Speaking on the partnership, Abercrombie & Fitch Co. CEO, Fran Horowitz, said: “...

Business

Abercrombie & Fitch reportedly mulling return to Hong Kong after eight years

Eight years after shutting up shop in the region, Abercrombie & Fitch is believed to be mulling its return to Hong Kong. It is understood that the apparel retailer has its eyes on renting two large stores in the area, according to unnamed sources for Bloomberg. While one is reportedly located in Causeway Bay shopping mall Hysan Place, and is...

Business

Abercrombie & Fitch, Kohl's Q2 results top estimates

U.S. retailers Abercrombie & Fitch Co. (ANF) and Kohl's Corp. (KSS) reported on Wednesday results for the second quarter that topped analysts' estimates, with Abercrombie & Fitch raising its outlook for the full-year 2024, while Kohl's slashed its adjusted earnings and sales growth guidance for fiscal 2024. Following the results, Abercrombie &...

People

Abercrombie & Fitch names Andrew Clarke as new board member

US apparel retailer Abercrombie & Fitch has announced the appointment of Andrew Clarke to its board of directors, a move that comes as the company embarks on its next phase of growth. Clarke currently serves as the global president of Mars Snacking, a division of the chocolate industry giant Mars, Incorporated, where he has been for the last 24...

Business

Abercrombie Kids expands into wholesale with Haddad Brands deal

Abercrombie Kids, the childrenswear brand of Abercrombie & Fitch Co., is set to enter the wholesale market via a new deal with privately-held licensing firm Haddad Brands. The aim of the partnership is to expand the global reach of the Abercrombie Kids brand through a long-term growth plan that will be driven by Haddad Brands itself. As such,...

BusinessFeatured

On a comeback: Abercrombie & Fitch stock outperforms Nvidia

Once a brand in decline, Abercrombie & Fitch, the iconic 1990s brand known for its preppy style, has made an unexpected comeback in the retail world, giving it the status of an unlikely market leader once again. The news was so significant that the Wall Street Journal dedicated an entire report to it: “Why Abercrombie & Fitch’s Stock Has...

Fashion

Abercrombie & Fitch launches capsule collection with Random Golf Club

Abercrombie & Fitch has partnered with Random Golf Club to create its first fan-based and performance capsule collection. The idea for the collaboration dates back to the organic friendship between Dan Gilligan, Abercrombie & Fitch’s general vice president of men’s design, and entrepreneur and golf enthusiast Erik Anders Lang. Founded by Erik...

Business

Abercrombie & Fitch posts strong Q1 growth, raises outlook

First quarter net sales at Abercrombie & Fitch of 1 billion dollars, were up 22 percent on a reported basis and constant currency basis with comparable sales up 21 percent. Gross profit rate of 66.4 percent, rose approximately 540 basis points, operating income increased to 130 million dollars and net income per diluted share rose to 2.14...