HOLLISTER news and archive

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...

Business

Abercrombie & Fitch holiday sales hit by transportation delays

For the fourth quarter of fiscal 2021, Abercrombie & Fitch Co. expects net sales up in the range of 4 percent to 6 percent compared to 2020 net sales of 1.122 billion dollars and flat to down 2 percent compared to 2019 net sales of 1.185 billion dollars, reflecting ongoing U.S. and digital momentum. The company said in a release that the prior...

Business

Abercrombie & Fitch Q3 net sales up 10 percent

Abercrombie & Fitch Co. net sales of 905 million dollars, up 10 percent as compared to last year and up 5 percent as compared to pre-Covid 2019 third quarter net sales. Digital net sales of 413 million dollars, increased 8 percent compared to last year and 55 percent as compared to pre-Covid 2019 third quarter digital net sales. Commenting on...

Retail

Retail employees reflect on mental health during Covid-19

As October is Mental Health Awareness month, FashionUnited wanted to bring more awareness and transparency to the topic of mental health in the fashion industry by speaking to a former retail manager of River Island and a former sales associate of Hollister to discuss and reflect on what it was like to work in the retail industry during the...