A&F news and archive

Abercrombie & Fitch back on track after smaller-than-expected Q2 loss

The popular teen apparel chain has started to see the light at the end of the tunnel after posting a significantly smaller-than-expected loss in the second quarter. The group has much to thank its younger brand, Hollister, for this initial recovery. Second-quarter results have been a soothing bath for the retailer, which announced in early July...

BusinessFeatured

Abercrombie & Fitch shares rally on potential bid news

Shares of Abercrombie & Fitch were trading higher Wednesday afternoon on reports that there may be an offer for the teen retailer. Its competitor American Eagle Outfitters and private-equity company Cerberus are reported to be working on a takeover bid. According to Dow Jones, A&F’s rival American Eagle Outfitters would have joined forces with...

Business

Abercrombie & Fitch reportedly hiring investment bank to handle potential suitors

The troubled U.S. teen apparel retailer is reportedly working with an investment bank to field takeover interest from other retailers. As people familiar with the situation said on Tuesday to Bloomberg, Abercrombie & Fitch would have hired investment bank Perella Weinberg Partners to handle potential takeover approaches. However, today there is...

Business|ANALYSIS Featured

Zalora's deal, a boost for ailing Abercrombie & Fitch's shares

Both business and stock trading at Abercrombie & Fitch have been a reason for concern for the company. Its just announced deal with Zalora, a leading Asian e-commerce platform, has been coined by many in the market as a much needed boost. Market sources consulted by FashionUnited point out that this move clearly responds to Abercrombie & Fitch’s...

Business

Hollister Ireland receives 3 million euro cash injection from parent group

A&F Hollister Ireland received the equity investment last month from its Swiss-based parent, Abercrombie & Fitch Europe, according to new company filings. As reported by the ‘Sunday Times’, the funding will help the Irish arm of the teen apparel group to strengthen the balance sheet of the business, which had capital reserves of 7.6 million...

Fashion |OPINION Featured

The new Abercrombie, grown up and sexless?

London - Abercrombie has grown up. Or at least it is trying to. No longer the revered teen brand that once appealed to the affluent collegiate set, Abercrombie is trying to settle into adulthood, with all the uncomfortable changes and metamorphosis associated with leaving adolescence. To start, it means no more Bruce Weber ads, the photographer...

BusinessFeatured

Hollister breaks years of declining sales: new growth engine for Abercrombie & Fitch

Hollister, the younger sister of Abercrombie & Fitch, has turned to be the growth engine for the teen apparel group, driving sales upwards and therefore breaking a three-year consecutive declining in-store sales. Hollister has stolen the limelight from formerly youngsters’ favourite Abercrombie & Fitch. Over the fourth quarter, the group...

Business|ANALYSIS

A&F could see 15 percent of its value whipped off due to ineffective customer retention

Abercrombie & Fitch’s struggles to keep its customers could cost the company’s a 15 percent value whip-off, according to analysts at Trefis. Trefis analysis team argues that “There can be a downside of close to 15 percent to Abercrombie & Fitch‘s (NYSE:ANF) value if its store sales and EBITDA margins get weighed down by the aggressive buyer...

Fashion Featured

US high court backs Muslim woman denied job at Abercrombie

The US Supreme Court ruled Monday in favor of a Muslim woman who claimed she was denied a sales job with fashion retailers Abercrombie & Fitch as a teen because of her headscarf. By an eight to one vote, the high court sided with the Equal Employment Opportunity Commission (EEOC), a federal government agency that sued Abercrombie on behalf of...

Business

Abercrombie & Fitch margins to shrink as cotton prices rise

Analysts at Trefis highlight in a note to investors that Abercrombie & Fitch‘s (NYSE:ANF) overall EBITDA (earnings before interest tax depreciation & amortization) margins have trended in a wayward manner over the past five years. As pinpointed in a market research note Tuesday, Trefis analysis team covering the stock said that from 24.6 percent...

Design

Abercrombie & Fitch teams up with Asos for online sales

American teen fashion label, Abercrombie & Fitch have partnered up withonline retailer Asos, in an effort to boost the brand's image among young millennials and improve sales. It will be the first time that A&F sells its products outside its own stores, with first collections slated to launch online at Asos in time for this holiday season. Chief...

Design

Abercrombie & Fitch nominates four new board members

Teen fashion retailer Abercrombie & Fitch has nominated four new independent directors for election to its board, in a step to appease activist investor Engaged Capital LLC. Chief Executive Officer at A&F, Mike Jeffries, struck an agreement with its investor, which has been campaigning over the past few months for a change at the struggling teen...