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Abercrombie & Fitch, the well-known American fashion label, has extended its global reach with the opening of a new store in the Philippines. Nestled within the bustling SM Mall of Asia, this marks a significant milestone for the brand’s continued foray into…
US apparel retailer Abercrombie & Fitch suffered a 51-per-cent fall in sales in Asia Pacific in its first quarter as Covid-19 forced store closures across the region. Worldwide, the company suffered a 34-per-cent decline, but at least one analyst is impressed…
Abercrombie & Fitch has hired two key senior staff to lead its Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. Olga Wu will oversee Abercrombie & Fitch Asia-Pacific and Daniel Le Vesconte will manage the company’s EMEA regional…
Abercrombie & Fitch is on the right road to recovery. Third-quarter net income is up by 133 per cent year on year, supported by a 75 per cent increase in operating profit. The company has still delivered positive comparables both overall and for each of the…
Following on from a robust fourth quarter, Abercrombie & Fitch has continued its run of success with another solid set of sales numbers. Although growth has come off the back of soft prior year comparatives, the positive comparable sales numbers are an…
Failing US president Donald Trump is facing widespread backlash from US retailers and brands over his intention to trigger a trade war with China and other nations. Just days after announcing tariffs on steel imports against the advice of officials, lawmakers…
Hollister sales helped drive a strong fourth quarter for parent Abercrombie & Fitch in both revenue and profit. In the past year, Hollister sales broke the US$2 billion sales threshold for the first time, rising 19 per cent in the final quarter to February 3,…
Abercrombie & Fitch has opened its first overseas store designed with the retailer’s new boutique outfit, launching a mega store in Hong Kong. Located in the Harbour City mall, the 6,800 square-foot-flagship design reflects the evolution of the brand as it…
After an extended run of decline, Abercrombie & Fitch is finally back with a market-beating 4.5 per cent uplift in total sales. Although the result comes off the back of a weak prior year comparable, it nevertheless provides comfort that the group’s…
At headline level, the latest Gap Inc results are not too bad. Overall revenue rose by 1.1 per cent, a respectable increase that is some way above that posted over the last two quarters. Net income also increased by 12.3 per cent compared to the previous…
Abercrombie & Fitch has entered into a wholesale agreement with Asia’s online fashion destination, Zalora. From next week, Zalora will stock Abercrombie & Fitch in Asia – first Hollister-branded merchandise, followed by Abercrombie & Fitch-branded lines later…
Abercrombie & Fitch ended the year in a tailspin, with sales down by almost 7 per cent and operating profit falling 49 per cent. The embryonic recovery seen at the start of this fiscal is now little more than a faded memory. Fortunately, the group has a…
US casualwear retailer Abercrombie & Fitch is about to unveil its first concept store for 15 years. In a dramatic change of direction, customers will be able to actually see the stock on display, the brand’s heavy scenting has been toned down and stock will…
A “new wave” of Hong Kong store closures lies ahead, because many retailers have over-extended their footprints, says OC&C Strategy’s Pascal Martin. Commenting on the sudden closure of the Ralph Lauren flagship store in Causeway Bay this week, Martin said…
Following other international fashion labels, Ralph Lauren Hong Kong has closed its flagship store. Four years ago, its then CEO Ralph Lauren said the company was transforming its presence in China, “a region we believe will become an important driver of…
US fashion chain Abercrombie & Fitch will close its four-storey flagship store in Central as early as next year amid the economic downturn and a slump in shoppers from the mainland. The 25,600 sq ft store on Pedder Street opened in 2011, paying HK$7 million…
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