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Hollister news and archive

Business

Abercrombie & Fitch posts Q2 profit

Abercrombie & Fitch Co., for the second quarter ended August 1, 2020 has reported net sales of 698 million dollars, down 17 percent compared to last year, reflecting the adverse impact of Covid-19 on store sales. The company said in a statement that digital net sales increased 56 percent to 386 million dollars, reflecting growth in every month...

27 Aug 2020

Business

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...

28 May 2020

Fashion

Abercrombie & Fitch appoints two new independent board members

Abercrombie & Fitch Co. has announced the election of two new independent board members, Susie Coulter and James A. Goldman, effective May 20, 2020. Additionally, the company said in a statement, James Bachmann’s term on the board of directors ended immediately prior to the company’s annual meeting after serving for nearly 17 years. With these...

21 May 2020

Business

COVID-19 impact: Abercrombie & Fitch closes all stores outside APAC region

Amid continued spread of COVID-19, Abercrombie & Fitch Co. has decided to temporarily close all stores across its brands outside of the APAC region, effective March 15 in North America and March 16 in EMEA, until March 28, 2020. The company said in a statement that its locations in the APAC region will remain open and its online stores currently...

16 Mar 2020

Business

Abercrombie & Fitch: Q4 comparable sales rise, warns of coronavirus impact on H1 sales

For the fourth quarter, Abercrombie & Fitch Co. net sales of 1.18 billion dollars increased 3 percent on both a reported and constant currency basis as compared to last year, while comparable sales rose 1 percent. Full year net sales of 3.62 billion dollars increased 1 percent on a reported basis and 2 percent on a constant currency basis, while...

4 Mar 2020

Business

Abercrombie & Fitch reaffirms Q4 estimates

Abercrombie & Fitch Co. reaffirming its outlook for the fourth quarter of fiscal 2019 said that the company expects net sales to be in the range of flat to up 2 percent, reflecting an adverse impact from changes in foreign currency exchange rates of approximately 5 million dollars, comparable sales to be in the range of flat to up 2 percent,...

13 Jan 2020

Business

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...

26 Nov 2019

Business

Abercrombie & Fitch declares quarterly cash dividend

Abercrombie & Fitch Co. has said that its board of directors declared a quarterly cash dividend of 20 cents per share on the Class A Common Stock of the company, payable on June 17, 2019 to stockholders of record at the close of business on June 7, 2019. The company operates over 850 stores under Abercrombie & Fitch, Hollister and Abercrombie...

23 May 2019

Business

Abercrombie & Fitch closing up to 40 stores this year

Is the brick-and-mortar apocalypse really on top of us, or have some brands just fallen out of style? Like many companies that were popular in the '90s and first decade of the '00s, Abercrombie & Fitch Co. is working on a turnaround plan for their company that has been in affect for the last three years. Last year the company closed 29 stores,...

8 Mar 2019

Business

Abercrombie & Fitch announces quarterly cash dividend

Abercrombie & Fitch Co. has declared a quarterly cash dividend of 20 cents per share on the Class A common stock of the company, payable on March 18, 2019 to stockholders of record at the close of business on March 8, 2019. The company operates over 850 stores under Abercrombie & Fitch, Abercrombie Kids and Hollister brands across North America,...

25 Feb 2019

Fashion

Khalid, Noah Cyrus join Hollister for anti-bullying campaign

Abercrombie & Fitch Co.’s Hollister brand has teamed with singer-songwriters Khalid and Noah Cyrus for an anti-bullying campaign directed towards educational institutions. The retailer is backing Sit With Us, an app developed by 16-year-old student Natalie Hampton to help facilitate new friendships in schools. It will also launch a year long...

15 Jul 2018

Business

Abercrombie & Fitch back on track after smaller-than-expected Q2 loss

The popular teen apparel chain has started to see the light at the end of the tunnel after posting a significantly smaller-than-expected loss in the second quarter. The group has much to thank its younger brand, Hollister, for this initial recovery. Second-quarter results have been a soothing bath for the retailer, which announced in early July...

24 Aug 2017