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Tag: abercrombie & fitch

Retail Asia01/06/2020
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Fashion

Abercrombie & Fitch sales tumble in SE Asia

3min0
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 that the company’s sales did not fall further. “The group was one of the […]
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Retail Asia13/09/2019
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Fashion

New leader appointed in APAC for Abercrombie & Fitch

2min0
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 operations. Both have been appointed group VPs. They will report to global brands president Kristin […]
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Retail Asia03/12/2018
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Fashion

Abercrombie & Fitch results going uphill

4min0
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 Hollister and Abercrombie brands. And at 6 per cent […]
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Retail Asia06/06/2018
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Fashion

Abercrombie and Hollister lead A&F path to recover

5min0
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 indication of momentum at both the Abercrombie and Hollister brands. Under the leadership […]
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Retail Asia22/03/2018
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Finance

New USA tariff plan draws backlash from US retailers

3min0
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 and industry, Trump is now believed to be formulating sweeping tariffs on imported goods […]
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Retail Asia06/12/2017
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Fashion

Abercrombie & Fitch opens new mega Hong Kong store

3min0
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 aims to flick its sexy image and attract a more mature audience. It is the […]
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Retail Asia21/11/2017
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Fashion

Abercrombie opens eyes after a long sleep

6min0
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 strategies are starting to bear fruit. As good as the headline figure is, […]
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Retail Asia20/11/2017
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Fashion

Gap results to be saved by Old Navy

5min0
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 year. Unfortunately, behind the headline, it is the same […]
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Retail Asia20/04/2017
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Fashion

Zalora to stock Abercrombie & Fitch in Asia

1min0
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 this month. The deal puts authentic Abercrombie & Fitch products into 11 Asian markets including Hong Kong, Singapore, […]
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Retail Asia06/03/2017
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Fashion

Abercrombie & Fitch ends year weak

5min0
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 fairly strong balance sheet and remains profitable, which […]
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Retail Asia11/02/2017
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Fashion

Abercrombie & Fitch unveils new store concept

10min0
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 be visible from outside. Only two images have been released […]
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Retail Asia10/12/2016
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Real Estate

More stores closing the door in Hong Kong

6min0
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 there will be a continuing wave of closures for the next one to two years […]
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Retail Asia09/12/2016
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Fashion

Ralph Lauren Hong Kong closes flagship

3min0
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 growth for us over the long term”. He was announcing plans to open 60 […]
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Retail Asia13/09/2016
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Fashion

Levi Strauss & Co makes two senior appointments

3min0
Jeans manufacturer Levi Strauss & Co has made two senior appointments from in house. Executive VP (global supply chain) and chief transformation officer David Love becomes executive VP and president of Levi Strauss Asia, Middle East and Africa, while senior VP (product development and sourcing) Liz O’Neill is now chief supply-chain officer. Liz O’Neill, chief […]
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Retail Asia03/09/2016
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Fashion

Tourists taint Abercrombie & Fitch sales

5min0
After a short lived rally at the back end of its previous fiscal year, US apparel group Abercrombie & Fitch is now firmly back in negative territory with a weak set of sales figures at both the total and comparable level. It is particularly disappointing that sales growth has deteriorated since the prior quarter with […]
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Retail Asia04/05/2016
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E-Tailing

Applecrumby & Fish wins $300k funding boost

4min0
An online boutique that offers all-natural and organic baby products, Applecrumby & Fish has obtained a fresh round of seed funding worth $300,000 from Silicon Valley’s VC 500 Startups. The Malaysian company aims to use the money to establish itself as the top-of-mind site for safe baby essentials, reports Tech in Asia. Founded by husband […]
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Retail Asia10/03/2016
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Fashion

Abercrombie & Fitch ‘in recovery mode’

6min0
Broadly, the latest set of results from Abercrombie & Fitch are to be welcomed: they are a sign that the brand continues to make progress in what remains a challenging market during a particularly difficult period of trading. Across the quarter, total sales shrank by 1 per cent on a reported basis, although when currency […]
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