Abercrombie news and archive

Why Abercrombie & Fitch could benefit from a new owner

Teenage fashion giant Abercrombie & Fitch is thought to be looking for a new owner, having approached an investment bank to gain insight into the interest from other retailers and groups. The troubled retailer has been struggling for years, having failed to keep up with changing times in the fast fashion industry. It lost its fashion credibility...

People

Abercrombie & Fitch to revamp under new management

Abercrombie & Fitch, the ailing Amercican teen retailer, is expected to shake up its management by creating six new roles. The details are expected to be released this week as part of a strategy to organise executives by brand, rather than solely by product categories. According to the Wall Street Journal all but one of the new positions will be...

Fashion Featured

US high court backs Muslim woman denied job at Abercrombie

The US Supreme Court ruled Monday in favor of a Muslim woman who claimed she was denied a sales job with fashion retailers Abercrombie & Fitch as a teen because of her headscarf. By an eight to one vote, the high court sided with the Equal Employment Opportunity Commission (EEOC), a federal government agency that sued Abercrombie on behalf of...

BusinessFeatured

Abercrombie & Fitch: leaving the good old times behind

Abercrombie & Fitch Co. shares dropped the most in almost four months after holiday sales missed estimates by nearly 2 percent. Confidence faltered even deeper after the teen apparel retailer declined to give an earnings forecast. The problem is, according to market insiders, Abercrombie & Fitch is fighting at too many fronts at the same time....

Business

TJX gets upgrade, GIII soars while Abercrombie struggles

Shares of US apparel and home goods company TJX Cos. (TJX) climbed up by 1.35 percent to 66.12 US dollars yesterday after the discount retailer was added to the "conviction" buy list at Goldman Sachs and upgraded to "buy" from "neutral" this morning. Despite a weak third quarter, which analysts see as an abberation, TJX has seen good revenue...

Apparel

Abercrombie to lose its logo

Could Abercombie & Fitch be considering losing its logo? Last week the US collegiate fashion company reported another sales decline, its 10th consecutive sales drop, and so it appears fashion-conscious students prefer to buy their sweats elsewhere. "In the spring season we are looking to take the North American logo business to practically...

Apparel

Abercrombie & Fitch's ongoing transformation

In order to win back their waning customer base, teen-apparel retailer Abercrombie & Fitch is attempting to transform its current brand image. Last November the American fashion retailer announced plans to expand its womenswear size range, introduce a wider variety of womenswear tops and add footwear lines. Now the teen fashion retailer is...

Apparel

Abercrombie & Fitch promotes Jonathan Ramsden

Fashion chain Abercrombie & Fitch is continuing its management shake-up with the promotion of Jonathan Ramsden to chief operating officer, a new role at the company. Ramsden, who joined A&F as executive vice president and chief financial officer in 2008, will take up his new role will immediate effect, while continuing to hold the CFO job until...

Apparel

Abercrombie & Fitch adds larger sizes to its women’s collection

After recently announcing the impending closure of all Gilly Hicks stores world wide and plans to move the label into existing Hollister stores, US brand Abercrombie & Fitch unveiled its newest strategy to attract younger customers back into its stores. The struggling brand plans to expand its women’s size range for its collection, offer a wider...

Fashion

Substance over style: product holds the key to A&F's future

OPINION_“In fashion, one day you’re in and the next you’re out” declared leggy supermodel Heidi Klum in hit US television show Project Runway. She may well have been talking about Abercrombie & Fitch. The preppy retailer rose to the heights of "in" during the 1990s and early 2000s thanks to its provocative brand-building initiatives and...

Fashion

Abercrombie & Fitch expands in Asia and the Middle East

As part of its expansion plan, teen apparel retailer Abercrombie & Fitch targets the opening of flagship stores in Shanghai and Seoul during the course of this year. Dubai and the Middle East are also high on the company’s list of new markets. The Ohio-based retailer currently operates only three stores in Asia but all in strategic locations,...

Fashion

Hollister lifts A&F sales and takes the UK by storm

Surf-themed little sister brand to Abercrombie&Fitch is maturing, at least in terms of sales and profit. Hollister has rapidly become a must have label in wealthy youngsters’ wardrobes all around the globe, and it is not rare seeing long queues to enter their stores in the UK. And it pays off. There are currently 19 Hollister stores located in...