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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…
Fitch Ratings, a globally recognized credit rating agency, has once again affirmed the Long-Term Issuer Default Rating (IDR) of MB Shinsei Consumer Credit Finance Limited Liability Company (Mcredit), maintaining it at B+ with a stable outlook. This represents…
Abercrombie & Fitch reported a record-breaking performance for Q2, driven in large part by a 19% sales increase from its subsidiary, Hollister. This performance prompted the company to revise its full-year sales forecast upward. However, not all was rosy, as…
Fashion retailer Abercrombie & Fitch is continuing to shutter Hollister and A&F flagship stores across the globe, with its Fukuoka store in Japan one of the next three on the list. Starting with the high-profile Pedder Street store in Hong Kong’s Central in…
Abercrombie & Fitch sales rose for the second consecutive year as its restructure and new store format begins to pay off. Comparable sales rose by 3 per cent in the year to February 2, to US$3.6 billion and operating income, after excluding extraordinary…
Retail and brand consultancy Fitch has changed its leadership structure in the Asia Pacific region with two appointments and a promotion. Based in Shanghai, Nikki Lin has been promoted to managing director of Fitch China. She joined Fitch as GM from…
China’s traditional retail industry is continuing to decline with demand likely to “remain muted” into next year, according to a new Fitch report. The credit rating agency’s report covers shops and and department stores. “Not only are shopping preferences…
Fitch Asia, the retail and brand consultancy, has appointed a new regional CEO to cover north and southeast Asia. UK-born and Australian-raised Andrew Crombie will lead the company’s growth across the region from its Singapore hub, reporting to worldwide CEO…
A 465 sqm pop up store promoting Macallan single malt whisky is touring major Asian cities. Designed by agency Fitch, the unique pop up is by day a shopping and exhibition area, open to any walk-in customers. In the evening, the space is transformed into a…
Retail and brand consultancy Fitch has named two senior executive appointments in Asia. Ian Bellhouse has been appointed regional CEO for Asia Pacific and Greater China, reporting into Worldwide CEO Simon Bolton. With more than 20 years at Fitch, Bellhouse…
