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...
Aug 24, 2017
Shares of Abercrombie & Fitch were trading higher Wednesday afternoon on reports that there may be an offer for the teen retailer. Its competitor American Eagle Outfitters and private-equity company Cerberus are reported to be working on a takeover bid. According to Dow Jones, A&F’s rival American Eagle Outfitters would have joined forces with...
May 25, 2017
The troubled U.S. teen apparel retailer is reportedly working with an investment bank to field takeover interest from other retailers. As people familiar with the situation said on Tuesday to Bloomberg, Abercrombie & Fitch would have hired investment bank Perella Weinberg Partners to handle potential takeover approaches. However, today there is...
May 10, 2017
Both business and stock trading at Abercrombie & Fitch have been a reason for concern for the company. Its just announced deal with Zalora, a leading Asian e-commerce platform, has been coined by many in the market as a much needed boost. Market sources consulted by FashionUnited point out that this move clearly responds to Abercrombie & Fitch’s...
Apr 11, 2017
A&F Hollister Ireland received the equity investment last month from its Swiss-based parent, Abercrombie & Fitch Europe, according to new company filings. As reported by the ‘Sunday Times’, the funding will help the Irish arm of the teen apparel group to strengthen the balance sheet of the business, which had capital reserves of 7.6 million...
Dec 4, 2016
London - Abercrombie has grown up. Or at least it is trying to. No longer the revered teen brand that once appealed to the affluent collegiate set, Abercrombie is trying to settle into adulthood, with all the uncomfortable changes and metamorphosis associated with leaving adolescence. To start, it means no more Bruce Weber ads, the photographer...
Aug 31, 2016
Hollister, the younger sister of Abercrombie & Fitch, has turned to be the growth engine for the teen apparel group, driving sales upwards and therefore breaking a three-year consecutive declining in-store sales. Hollister has stolen the limelight from formerly youngsters’ favourite Abercrombie & Fitch. Over the fourth quarter, the group...
Mar 3, 2016
Abercrombie & Fitch’s struggles to keep its customers could cost the company’s a 15 percent value whip-off, according to analysts at Trefis. Trefis analysis team argues that “There can be a downside of close to 15 percent to Abercrombie & Fitch‘s (NYSE:ANF) value if its store sales and EBITDA margins get weighed down by the aggressive buyer...
Dec 22, 2015
The US Supreme Court ruled Monday in favor of a Muslim woman who claimed she was denied a sales job with fashion retailers Abercrombie & Fitch as a teen because of her headscarf. By an eight to one vote, the high court sided with the Equal Employment Opportunity Commission (EEOC), a federal government agency that sued Abercrombie on behalf of...
Jun 2, 2015
Analysts at Trefis highlight in a note to investors that Abercrombie & Fitch‘s (NYSE:ANF) overall EBITDA (earnings before interest tax depreciation & amortization) margins have trended in a wayward manner over the past five years. As pinpointed in a market research note Tuesday, Trefis analysis team covering the stock said that from 24.6 percent...
Apr 1, 2015
Fashion chain Abercrombie & Fitch is continuing its management shake-up with the promotion of Jonathan Ramsden to chief operating officer, a new role at the company. Ramsden, who joined A&F as executive vice president and chief financial officer in 2008, will take up his new role will immediate effect, while continuing to hold the CFO job until...
Feb 4, 2014
An Abercrombie & Fitch (A&F) shareholder has requested that the teen apparel retailer find a successor for its current CEO Mike Jeffries, after his contract expires next year February to help bring around a new direction for the company, as well as boost shareholder confidence on the company board. If A&F are unable to find a replacement for...
Dec 4, 2013
