Abercrombie & Fitch jobs
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...
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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...
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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: “...
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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...
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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,...
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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...
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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...
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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...
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Abercrombie & Fitch launches The Wedding Shop for bridal & guest outfits
Abercrombie & Fitch Co. has expanded into with the launch of The Wedding Shop, a custom collection of more than 100 pieces designed for brides and guests. Following increasing customer interest in elegant, quality, yet affordable wedding outfits, Abercrombie & Fitch developed a collection of outfits for several wedding-related events, from...
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Abercrombie & Fitch Q4 comparable sales increase 16 percent
Abercrombie & Fitch’s net sales for the fourth quarter of 1.5 billion dollars were up 21 percent on a reported and constant currency basis with comparable sales up 16 percent. Full year net sales of 4.3 billion dollars were up 16 percent on a reported basis and on a constant currency basis, while comparable sales increased 13 percent. Commenting...
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Abercrombie & Fitch raises Q4 and full year sales outlook
Abercrombie & Fitch has increased its net sales and operating margin outlook for the fourth quarter and full year of fiscal 2023. The company now expects fourth quarter net sales to be up high-teens against previous outlook of low-single digits growth, operating margin to be around 15 percent compared to earlier estimate of in the range of 12 to...
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Abercrombie & Fitch to open on Carnaby Street in London
US clothing and lifestyle retailer Abercrombie & Fitch has confirmed it's opening a new store on London’s Carnaby Street before Christmas. Located at 39 Carnaby Street, the store formerly housed Abercrombie & Fitch group-owned intimates and activewear retailer Gilly Hicks and will open to the public on December 15. The store will offer the brand...
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