Abercrombie & Fitch news and archive

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....

Business

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...

Management

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 &...

Report

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...

Business

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,...

BusinessFeatured

On a comeback: Abercrombie & Fitch stock outperforms Nvidia

Once a brand in decline, Abercrombie & Fitch, the iconic 1990s brand known for its preppy style, has made an unexpected comeback in the retail world, giving it the status of an unlikely market leader once again. The news was so significant that the Wall Street Journal dedicated an entire report to it: “Why Abercrombie & Fitch’s Stock Has...

Fashion

Abercrombie & Fitch launches capsule collection with Random Golf Club

Abercrombie & Fitch has partnered with Random Golf Club to create its first fan-based and performance capsule collection. The idea for the collaboration dates back to the organic friendship between Dan Gilligan, Abercrombie & Fitch’s general vice president of men’s design, and entrepreneur and golf enthusiast Erik Anders Lang. Founded by Erik...

Report

Abercrombie & Fitch posts strong Q1 growth, raises outlook

First quarter net sales at Abercrombie & Fitch of 1 billion dollars, were up 22 percent on a reported basis and constant currency basis with comparable sales up 21 percent. Gross profit rate of 66.4 percent, rose approximately 540 basis points, operating income increased to 130 million dollars and net income per diluted share rose to 2.14...

Fashion Featured

Abercrombie & Fitch launches The Wedding Shop for bridal & guest outfits

Abercrombie & Fitch Co. has expanded into with the launch of The Wedding Shop, a custom collection of more than 100 pieces designed for brides and guests. Following increasing customer interest in elegant, quality, yet affordable wedding outfits, Abercrombie & Fitch developed a collection of outfits for several wedding-related events, from...

ManagementFeatured

Abercrombie & Fitch Q4 comparable sales increase 16 percent

Abercrombie & Fitch’s net sales for the fourth quarter of 1.5 billion dollars were up 21 percent on a reported and constant currency basis with comparable sales up 16 percent. Full year net sales of 4.3 billion dollars were up 16 percent on a reported basis and on a constant currency basis, while comparable sales increased 13 percent. Commenting...

People

Former Abercrombie & Fitch CEO reportedly under FBI investigation for alleged sexual crimes

Mike Jeffries, the former CEO of Abercrombie & Fitch, is reportedly under FBI criminal investigation over accusations that he sexually exploited young male models at events he masterminded around the world. Jeffries and his British partner Matthew Smith are also facing a civil lawsuit alleging that they oversaw a sex-trafficking operation,...