USA: Hollister To Overtake Abercrombie & Fitch - Paper
Abercrombie & Fitch plans to expand its new Hollister division and believes that it has the potential to overtake A&F over the next few years, a report in Women's Wear Daily said. The Hollister stores were introduced in July 2000 and sell surf and skate wear to 14-18 year olds. A&F chief executive Michael Jeffries told analysts at the company's annual meeting that Hollister store openings would rise from 20 to 25 this year, with 50 units planned for 2002 and greater numbers projected for subsequent years.
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