Abercrombie news and archive

Sales and earnings drop at Abercrombie & Fitch

Abercrombie & Fitch Co. has reported net loss per diluted share of 3.90 dollars and 3.29 dollars on a reported and adjusted non-GAAP basis compared to net loss per diluted share of 29 cents on both, reported and adjusted non-GAAP basis last year. Net sales for the quarter declined by 34 percent to 485 million dollars. Commenting on the first...

BusinessFeatured

Abercrombie & Fitch posts flat Q3 results, earnings decline

For its third quarter, Abercrombie & Fitch Co. reported net sales of 863.5 million dollars, approximately flat on a reported basis and up 1 percent on a constant currency basis as compared to last year. The company said, comparable sales were also approximately flat against positive 3 percent comparable sales last year. Net income per diluted...

Business

Abercrombie & Fitch Co. expands operations in global markets

Abercrombie & Fitch Co. has announced plans for expansions Europe, the Middle East and Africa. The company is opening new stores for its brands in major cities in these key markets as part of an expansion strategy that has already started. In the UK, the company is introducing new stores to the Westfield London, the largest shopping destination...

Business

Abercrombie & Fitch announces Q1 results, plans 3 store closures

Abercrombie & Fitch Co announced today an increase of net sales to 734 million dollars for its first quarter of the 2019 fiscal year, which quarter ended on May 4, 2019. While net sales only increased slightly compared to the same quarter last year, the company experienced an improved operating loss margin and expects net sales for the overall...

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...

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....