Abercrombie & Fitch 4Q Adj. Profit Beats Street

Abercrombie & Fitch flagship store, London | Source: Abercrombie & Fitch

NEW Albany, United States — Abercrombie & Fitch's fourth-quarter net income fell 58 percent, dragged down by a number of one-time charges, including costs tied to the closure of the retailer's Gilly Hicks stores. But adjusted profit easily topped Wall Street's expectations and shares jumped more than 8 percent as the company initiated a $150 million accelerated share buyback program.

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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 flagship store, London | 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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