Abercrombie Promotes CFO Ramsden to New Operating Chief Position

Abercrombie & Fitch Campaign | Source: Abercrombie & Fitch

NEW ALBANY, United States — Abercrombie & Fitch Co., the teen retailer that this week separated its chairman and chief executive officer roles, named Chief Financial Officer Jonathan Ramsden to the newly created role of chief operating officer.

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Abercrombie Gains as Investor Urges CEO Search, Possible Sale

Abercrombie & Fitch London flagship | Source: Abercrombie & Fitch

NEW YORK, United States — Abercrombie & Fitch Co. gained after investor Engaged Capital LLC urged the teen-clothing retailer to start a search for a new chief executive officer and consider selling the company.

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Teens Flee Abercrombie for Upstarts as Phones Top Malls

Brandy Melville | Source: Brandy Melville

NEW YORK, United States — Teens don’t shop the way they used to. Where young consumers with spare cash once thronged the likes of Abercrombie & Fitch Co. and American Eagle Outfitters Inc. for clothing that telegraphed their identities, the new generation is poorer, shuns logos and socializes more on the Internet than at the mall.

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A&F, Sales Weak, to Close Gilly Hicks Stores

Gilly Hicks Store on Regent Street | Source: Abercrombie & Fitch

NEW ALBANY, United States — Abercrombie & Fitch says young shoppers are not spending money like before and reported weak quarterly sales, issued a disappointing full-year forecast and announced plans to close all of its stand-alone Gilly Hicks stores.

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British Retailers Asos, Boden and TopShop Tap U.S. Market For Growth

Topshop Spring/Summer 2013 | Source: Topshop

LONDON, United Kingdom — On the heels of Downton Abbey’s success on American television, British retailers are banking on a love of all things English to expand their business in the world’s biggest apparel market. Leading the British invasion are Asos Plc, TopShop, Boden, Jack Wills Ltd., and Superdry.

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African investment, Gap quells fears, Abercombie boost, Philanthropic fashion, Working woman

Ituen Basi, Summer 2013, Lagos Fashion & Design Week | Source: NY Times

Fashion Weighs a Deeper Investment in Africa (IHT) “Designers from Vivienne Westwood to Jean Paul Gaultier have long drawn on the vibrancy of African culture in their clothing lines. But now the industry is taking a tentative look at whether it makes sense to put down larger stakes as the African economy begins to take its place alongside the world’s other promising emerging markets.” Gap raises full year profit view,

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Week in Review | Chinese brands look West, Aquascutum’s strategic errors, Red hot founder

Week in Review August 27-31

Global Briefing | Chinese Fashion Brands Look West (Insight & Analysis) “It’s nearly impossible to go a week without reading about international fashion brands expanding their operations in China. But what about Chinese brands targeting the West?” Op-Ed | What Went Wrong at Aquascutum? (Opinion, Insight & Analysis) “In April of this year, at a time when Burberry posted an 11 percent increase in sales,

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