The brand has eliminated the individual brand president positions and that Stacia Andersen, brand president of Abercrombie & Fitch and Abercrombie Kids, will be leaving the company.
The company has said many of its leases are up for renewal by the end of fiscal 2018, which gives it some flexibility to move out without a fight with landlords.
On Friday, Abercrombie & Fitch Co. reported that its net sales for the third quarter were $859.1 million, up 5 percent over last year, marking the retailer’s return to black.
The continued brand expansion is part of the franchise agreement between Majid Al Futtaim Fashion and Abercrombie & Fitch Co. announced in 2016.
By brand, net sales for the second quarter increased 6 percent to $446.6 million for Hollister and decreased 8 percent to $332.7 million for Abercrombie over last year.
With 454 million annual active buyers across its China retail marketplaces, Alibaba Group is helping A&F meet the ever-growing and changing needs of Chinese consumers.
This partnership will provide Abercrombie & Fitch Co. access to more than 600 million of Zalora’s online customers.
Net sales for the fourth quarter of $1.036 billion were down 7 percent from last year, with comparable sales for the fourth quarter down 5 percent.
Fran Horowitz, who has served as president and chief merchandising officer since December 2015, has been promoted to chief executive officer of the company, effective immediately.
The company will introduce a completely redesigned website, all-new digital advertising across video streaming websites, music platforms, and social media to help cater to today’s consumers.
The debut of Abercrombie & Fitch at Polaris Fashion Place will herald a new direction for the brand with a new store aesthetic and updated merchandise selections.
On Thursday, July 28, specialty retailer Abercrombie & Fitch hosted a rooftop party in New York City at Gallow Greens, featuring a performance by Third Eye Blind.
Stacia Andersen has been appointed brand president of Abercrombie & Fitch and Abercrombie kids, and Kristin Scott has been appointed brand president of Hollister Co.
Abercrombie & Fitch Co. has announced that Jonathan Ramsden will step down as chief operating officer and resign from the company, effective June 15.
Abercrombie & Fitch Co. has announced a five-year, $15 million commitment to SeriousFun Children’s Network, a global community of camps and programs where children with serious illnesses get to experience the magic of camp.
Abercrombie & Fitch Co. has announced that Fran Horowitz, president of its Hollister brand, has been promoted to president and chief merchandising officer, effective immediately.
Five months after Abercrombie & Fitch CEO Mike Jeffries left the company, the trio of executives the board named to serve as interim leaders is reportedly battling for a permanent chief executive role. Jeffries, who reinvented the 122-year-old company as a logo-obsessed teen retailer, served as CEO from 1992 until …