Abercrombie & Fitch Co
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Teen apparel retailer Abercrombie & Fitch Co is aiming to remove the logos from its garments on sale in North America by next spring as it focuses instead on more on-trend merchandise.
The hiring of Christos Angelides as president of US retailer Abercrombie & Fitch will bring much-needed fast fashion and global retail experience to the company, analysts say, along with a solid background in sourcing.
Struggling Abercrombie & Fitch finally appears to have taken a step in the right direction, after efforts to revitalise its women's wear helped the teen apparel retailer to a better-than-expected first quarter. Next plans in the pipeline are to improve test and react, expand fabric platforming, and lower average unit cost.
Abercrombie & Fitch separated the roles of chairman and CEO yesterday (28 January), appointing former Sears boss Arthur Martinez as non-executive chairman, leaving Michael Jeffries with just his CEO title. While some analysts think these changes could prove positive, others believe the teen apparel retailer still has a long way to go in restructuring its business.
In the most recent third-quarter filings from US apparel and footwear brands and retailers, Sears Holdings remained optimistic despite widening its net losses, while Vince Holding blamed challenging conditions and warm weather for a fall in both earnings and sales. Abercrombie & Fitch, meanwhile, revealed a "disastrous" quarter as sales fell and earnings plummeted 80%, while American Eagle Outfitters booked record sales and its 9th consecutive quarter of profit improvement.
Teen apparel retailer Abercrombie and Fitch is to shutter its A&F flagship store in Seoul in January next year, and has exercised a lease kick-out option for its A&F flagship in Hong Kong.
In the most recent second-quarter filings from US apparel and footwear brands and retailers, Tailored Brands showed improvement on Q1 but saw earnings slide, while DSW booked mixed results. Abercrombie & Fitch widened its net losses but remained optimistic, while Destination Maternity revealed improved losses. Express, meanwhile, delivered what it described as a "disappointing" second-quarter, below management expectations, and Macy's saw a "distinct" improvement in its sales and earnings trends for the quarter.
Teen apparel retailer Abercrombie and Fitch is to make its products available to online consumers in 15 European markets after inking a wholesale agreement with Berlin-based fashion e-tailer Zalando.
Teen apparel retailer Abercrombie & Fitch has named two new brand presidents responsible for all product and customer-facing activities.
?Abercrombie & Fitch Co is to part company with its chief operating officer Jonathan Ramsden, who is leaving the teen clothing retailer next month.
Abercrombie & Fitch is to expand its presence in the Middle East and open stores in two new markets through an extension of its relationship with Majid Al Futtaim Fashion.
In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings.
Teen apparel retailer Abercrombie & Fitch Co is using the Demandware Commerce platform to power the expansion of its digital retail operations across Asia.
Michael Jeffries, the chief executive officer of US teen apparel retailer Abercrombie & Fitch, has announced his intention to retire with immediate effect.
US teen apparel retailer Abercrombie & Fitch has cut its full-year outlook and revealed a drop in third-quarter earnings driven by weak traffic, a highly promotional environment and a challenging international business.
US teen apparel retailer Abercrombie & Fitch is to open its first stores in Mexico next year as part of a franchise agreement with Grupo AXO.
US teen apparel retailer Abercrombie & Fitch says it expects "modest" erosion in its gross margin rate in the third-quarter, given the highly promotional and challenging environment.
Abercrombie & Fitch has hired Fran Horowitz from Ann Inc as president of its Hollister brand.
US teen apparel retailer Abercrombie & Fitch has posted earnings that came in ahead of analysts expectations in the second quarter, but weak traffic held back sales.
Refinancing plans unveiled by US teen apparel retailer Abercrombie & Fitch have been viewed as a positive by one analyst, and could improve business stability.
US apparel retailer Abercrombie & Fitch has appointed Kohl's EVP of finance, Joanne Crevoiserat, as its CEO.
Apparel retailer Abercrombie & Fitch reported a slump in fourth quarter profit, impacted by a series of charges related to asset impairments and the closure of its Gilly Hicks chain.
Teen apparel retailer Abercrombie & Fitch has partnered with a new solutions provider as part of its strategy to increase speed to market.
In its latest round of management changes, teen apparel retailer Abercrombie & Fitch has promoted CFO Jonathan Ramsden to the newly-created role of COO.
Teen apparel retailer Abercrombie & Fitch has separated the roles of chairman and CEO, abandoned its shareholder rights plan, and named three new board members.
US apparel retailer Abercrombie & Fitch has upped its full-year earnings guidance based on higher fourth-quarter sales.
Abercrombie & Fitch has reworked its contract with CEO Michael Jeffries to see his compensation paid in line with company performance.
Abercrombie & Fitch shareholder Engaged Capital has urged the teen apparel retailer to replace CEO Michael Jeffries when his contract expires in February.
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