Abercrombie & Fitch news and archive

Abercrombie and Fitch reports strong Q4, slower growth ahead

Despite apparel retailer Abercrombie & Fitch reporting a strong fourth quarter with net sales growth of 9 percent to 1.58 billion dollars, comparable sales growth of 14 percent, and earnings per share of 3.57 dollars, the company's 2025 outlook signals a deceleration in growth. The company has projected net sales growth of 3 percent to 5...

Retail|In Pictures

In Pictures: A look into Abercrombie & Fitch’s new Oxford Street and Covent Garden stores

Abercrombie & Fitch has unveiled two new stores in London, located in the central shopping destinations of Oxford Street and Covent Garden. The sites house what the brand says are "updated, engaging spaces integrated with omnichannel shopping capabilities”, bringing together both digital and physical features. A new distinct addition to the...

Retail

Abercrombie & Fitch open doors to London flagships as high street revival gains pace

Abercrombie & Fitch, the American retailer once synonymous with preppy youth culture, on Friday opened its doors to two new stores in London’s prime shopping districts. The locations, on Oxford Street and in Covent Garden, mark a significant expansion for the brand as it capitalises on renewed consumer appetite for physical retail experiences....

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Abercrombie & Fitch ups sales outlook

Abercrombie & Fitch expects to complete the year with net sales growth around 15 percent, as well as a strong operating margin around 15 percent. The company previously expected sales to rise between 14 percent and 15 percent for the period. Last year, the company’s holiday sales were up by 21 percent compared with the year prior to that, while...

Retail

Abercrombie & Fitch expands London footprint with flagship stores

Abercrombie & Fitch, the American fashion retailer, is set to strengthen its presence in London's prime retail landscape with two strategic openings at the end of January 2025. The NYSE-listed company's expansion includes locations at 325 Oxford Street and 132 Long Acre in Covent Garden, positioning the brand at two of London's most coveted...

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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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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....

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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....

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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 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...

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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 &...