Abercrombie&Fitch news and archive

Abercrombie & Fitch says Q4 comparable sales to be up low-single digits

Abercrombie & Fitch Co. has reaffirmed its previously issued outlook for the fourth quarter of fiscal 2018. Driven by the loss of fiscal 2017's 53rd week and adverse impacts from both the calendar shift and changes in foreign currency exchange rates, net sales are expected to decrease mid-single digits, comparable sales to be up low-single...

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Abercrombie & Fitch: Q3 revenues up, names Kristin Scott President of Global Brands

American retailer of smart clothing and accessories Abercrombie & Fitch said on Thursday its Q3 revenue for 2018 rose marginally, while comparable sales increased by 3 percent on top of 4 percent growth same quarter last year. GAAP net income per diluted share was 35 cents compared to 15 cents last year, while non-GAAP diluted net income per...

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Gregory Henchel to join Abercrombie & Fitch as General Counsel

Abercrombie & Fitch Co. has appointed Gregory J. Henchel as Senior Vice President and General Counsel. The company said, Henchel brings 25 years of broad legal experience to the company, including more than ten years in the retail sector. Henchel’s experience spans general corporate, commercial, securities, regulatory, employment and...

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Abercrombie & Fitch Q2 revenues up 8 percent

American retailer of smart clothing and accessories Abercrombie & Fitch said on Thursday its Q2 revenue for 2018 increased 8 percent. The company's GAAP net loss per diluted share was 0.06 dollar for the second quarter ended August 4, 2018 compared to 0.23 dollar for the second quarter ended July 29, 2017 The company’s sales in Q2 2018 were 842...

Retail

Abercrombie & Fitch partners up with PayPal’s Venmo to please Millennial consumers

Users of the Abercrombie & Fitch and Hollister iOs and Android apps can now pay for their purchases using Venmo, the person-to-person payment platform owned by PayPal. “We are excited about our Venmo integration, as we know Venmo is an increasingly popular payment option among our Millennials and Gen Z customer bases”, said Joanne Crevoiserat,...

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Abercrombie & Fitch Q1 comparable sales rise 5 percent

Net sales for the first quarter at Abercrombie & Fitch were 730.9 million dollars, up 11 percent from last year, with comparable sales up 5 percent. Changes in foreign currency exchange rates and the calendar shift resulting from the 53rd week in fiscal 2017 benefited first quarter net sales by approximately 4 percent and 1 percent,...

Management|ANALYSIS

Four fashion bargains…on the trading floor

Apparel stocks are back in fashion, on the trading floor: shares of quoted fashion retailers Abercrombie & Fitch (ANF), American Eagle Outfitters (AEO), Guess (GES), Burlington Stores (BURL) are attracting the attention of investors as they near historic highs. Abercrombie & Fitch shares are climbing back to session highs, point out from...

ManagementFeatured

How Abercrombie & Fitch Co. aims to become a 5 billion dollar global brand

London - Abercrombie & Fitch Co. is not ready to throw in the towel just yet - in fact, just the opposite. The US fashion retailer has set its sights on growing into a 5 billion dollar global lifestyle brand over the next few years, despite shrinking the number of its stores. During its annual investor day meeting, which took place in New York...

ManagementFeatured

Abercrombie & Fitch Q4 net sales jump 15 percent

Net sales for the fourth quarter at Abercrombie & Fitch Co. were 1.193 billion dollars, up 15 percent from last year, with comparable sales up 9 percent. The company said, additional week in fiscal 2017 and changes in foreign currency exchange rates benefited fourth quarter net sales by approximately 4 percent and 3 percent, respectively. “We...

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Abercrombie & Fitch elects Kerrii Anderson to its board of directors

Abercrombie & Fitch Co. has elected Kerrii B. Anderson as a Director, effective February 23. The company said, Anderson will serve as a member of the audit and finance committee of the board. With her election, Abercrombie & Fitch’s board expands to ten directors. Commenting on the election, Abercrombie & Fitch’s board Chairman, Terry Burman,...

ManagementFeatured

Arthur Martinez steps down as executive chairman of Abercrombie & Fitch

Abercrombie & Fitch Co. has announced that Arthur C. Martinez will step down as executive chairman of its board of directors at the conclusion of its fiscal year ending February 3, 2018 in connection with his plans to retire as a director and not stand for re-election at the company's 2018 annual meeting of shareholders in June. The company...

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Abercrombie & Fitch updates Q4 outlook

Updating its outlook for the fourth quarter of fiscal 2017, Abercrombie & Fitch Co. said that the company now expects comparable sales to be up high-single digits, compared to the previous outlook of up low-single digits. Net sales are now expected to be up low-teens, compared to the previous outlook of up mid- to high-single digits, including...