Posts Tagged ‘Abercrombie & Fitch’

5 June, 2009 by Khaleed Juma, Managing Editor

BoF Daily Digest | Abercrombie shares tumble, Retail sales fall, Safilo open to bids, Giancarlo di Risio to step down

Abercrombie & Fitch ad campaign, courtesy of Abercrombie & Fitch

Abercrombie & Fitch ad campaign, courtesy of Abercrombie & Fitch

Abercrombie & Fitch shares drop sharply (AP)
“Shares of Abercrombie & Fitch Co. tumbled Thursday after the teen retailer posted a bigger-then-expected drop in same-store sales for May. Its stock shed $3.56, or 11.3 percent, to $28.12 in midday trading.”

Across Low and High Ends, Retail Sales Fell in May (New York Times)
“While there have been early signs of stabilization, including improving consumer confidence, concerns over unemployment and the troubled housing market have led many Americans to adopt thriftier behavior, spending on food and other everyday essentials and not much else.”

Offers for Safilo due on Friday - sources (Reuters)
One or more private equity funds will present offers for Italian eyewear maker Safilo SpA on Friday, two sources close to the matter said.

Chief Executive of Versace Is Expected to Resign Friday (New York Times)
“Giancarlo di Risio, chief executive of Gianni Versace since 2004, is expected to resign at a board meeting on Friday in Milan.”

13 January, 2009 by Robert Cordero, Contributing Editor

BoF Daily Digest | Theyskens at Nina Ricci, Retail stocks, New consumer mind-set, Retail winners and losers

Nina Ricci Pre fall 2009, courtesy of WWD

Nina Ricci Pre fall 2009, courtesy of WWD

Nina Ricci: Theysken’s Beat Goes On (WWD)
Olivier Theyskens will be staying put at Nina Ricci with an “expanded accessories line, particularly handbags.”

Retail Stocks: Sizing Up 2009 (Seeking Alpha)
Seeking Alpha lists the reasons why 2009 will be an ugly year for many brands.

Retail’s winners and losers (Just-Style)
Wal-Mart was a retail winner in 2008, but Gap and Abercrombie & Fitch were amongst the big losers.

Wal-Mart CEO Sees New Consumer Mind-set (WWD)
“The economy will turn around some day — but don’t expect conspicuous consumption to make a comeback.”

18 November, 2008 by Robert Cordero, Contributing Editor

BoF Daily Digest | ASOS up 68%, H&M, Abercrombie & Fitch’s skimpy sales, Burberry’s flat profits, Adidas’ SLVR

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Online fashion firm ASOS H1 profit up 68 pct (The Guardian)
In another signal that affordable online retailers could fare better than bricks and mortar operations in the economic downturn, ASOS H1 profit rockets up 68%.

H&M Still In Fashion (Forbes)
“Swedish-fashion retailer Hennes & Mauritz posted a decent set of October sales.” But “analysts warned the company would not be able to avoid the ripple effects of the global financial crisis.”

Has Abercrombie Lost Its Shirt? (Motley Fool)
Abercrombie & Fitch’s  skimpy aesthetic is also reflected in the company’s declining sales performance for Q3 2008.

Profits flat at Burberry (Drapers)
“Burberry saw sales rise 20% in the first half of the year with pre-tax profit flat during the period, but warned of tougher trading since the start of the second half.”

Adidas to launch new brand (Drapers)
Adidas will launch SLVR, a new lifestyle collection which “will sit alongside Adidas’ Y-3 and Adidas Originals sub-brands.”

ASOS homepage, photo courtesy of ASOS.

20 March, 2007 by Imran Amed, Editor

Pax Americana: Abercrombie & Fitch

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This marks the week that one of America’s most successful fashion brands hits the shores of Europe, with the opening of the first European Abercrombie and Fitch flagship in London’s Savile Row. The hype has been nonstop, with the media going crazy,  London buses trumpeting the new store’s appearance by draping themselves in images of perfectly proportioned models baring their torsos (and the preferred Abercrombie aesthetic) for all to see. According to reports, there will always be two models in swimwear in the store at all times.

Shopping at an AF store is about the experience of Abercrombie and Fitch. It speaks volumes about the brand and what it stands for. The signature music. The achingly hip (an invariably attractive) store associates. The artfully ripped clothes and distressed sweatshirts. I remember being shocked one day, walking into a suburban Chicago A&F store to see the sales associate spraying perfume on the mannequins in the store. It seemed to me that over years, the company had got its in-store experience down to an exact science, a formula that works in New York and Newport and everywhere in between.

The science of A&F is now being tested in London.  It will be interesting to see how this formulaic aesthetic and defined approach works in London. Up until now, the brand has had quite a bit of appeal here in Europe, especially because of the fact that it wasn’t (legally) available here. European shoppers would come back with one of those perfectly hip pieces of Americana — jeans or a sweatshirt — as a postcard of their latest trip Stateside. What Abercrombie does, it does very well indeed.

However, once the brand becomes more readily available here and the novelty factor wears off, this tried-and-true formula will be put to the same test as every other store’s offering. London shoppers are a demanding bunch and are used to rapid turns of inventory, cutting edge design, an innovative merchandising. They will be looking for something fresh each time they come into the store, and I suspect the formula may need some tweaking and constructive diversions from the tried-and-true in order to translate Abercrombie’s American success to this new market. With that said, I can’t wait to check out the store myself and see how it has all turned out.