Hollister news and archive

Abercrombie & Fitch targets revenues of 4.1 to 4.3 billion dollars by FY2025

As part of its Always Forward Plan, Abercrombie & Fitch Co. anticipates annual revenues of 4.1 billion dollars to 4.3 billion dollars and an annual operating margin rate at or above 8 percent by the end of fiscal 2025. In the longer-term, the company believes it can reach 5 billion dollars of annual revenues and an annual operating margin rate...

RetailPress Release

Retail employees reflect on mental health during Covid-19

As October is Mental Health Awareness month, FashionUnited wanted to bring more awareness and transparency to the topic of mental health in the fashion industry by speaking to a former retail manager of River Island and a former sales associate of Hollister to discuss and reflect on what it was like to work in the retail industry during the...

Business

Abercrombie & Fitch posts Q1 sales increase of 61 percent

Net sales of 781 million dollars at Abercrombie & Fitch, were up 61 percent as compared to last year and up 6 percent compared to pre-Covid 2019 first quarter net sales. The company’s digital net sales increased 45 percent to 403 million dollars, while gross profit rate improved 900 basis points to 63.4 percent. Commenting on the first quarter...

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Business

Hollister links with TikTok stars for World Teen Mental Wellness Day

Teen retailer, Hollister Co., has partnered with TikTok stars and the mental wellness podcast Teenager Therapy to surprise select US high schoolers with virtual pop-up mental wellness discussions. Additionally, Hollister will donate one million dollars across 20 organizations in the US to support teenagers in local communities battling...

Business

Abercrombie & Fitch posts 5 percent decline in Q4 sales

Abercrombie & Fitch Co. fourth quarter net sales of 1.1 billion dollars were down 5 percent compared to last year, reflecting the adverse impact of Covid-19. Digital net sales increased 34 percent to 639 million dollars. The company said, gross profit rate improved 230 basis points to 60.5 percent, operating income was 116 million dollars and...

Business

Abercrombie & Fitch names Holly May as Chief Human Resource Officer

Abercrombie & Fitch Co. has appointed Holly May as its Chief Human Resources Officer. In this role, the company said, May leads the company’s global human resources function and strategy, including talent management and leadership development, diversity and inclusion, compensation and benefits, and all other facets of organizational, talent and...

Business

Abercrombie & Fitch posts surge in Q3 profit

Third quarter net sales at Abercrombie & Fitch Co. of 820 million dollars, were down 5 percent as 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 43 percent to 382 million dollars reflecting robust growth in every month of the quarter. Gross profit...

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...

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...

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...

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...

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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...