Abercrombie & Fitch news and archive

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....

People

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: “...

Fashion

Abercrombie & Fitch continues partnership with NFL for Fall 2024 season

Abercrombie & Fitch is set to continue its partnership with the National Football League (NFL) for the upcoming Fall 2024 season. The ongoing partnership builds on the two-year connection between the fashion brand and sports league. It includes the release of new licensed graphic apparel, social media collaboration, and content creation....

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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 &...

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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,...