NEW YORK, United States — Abercrombie & Fitch Co., the retailer struggling with three straight quarters of sales declines, separated its chairman and chief executive officer roles and eliminated its stockholder rights plan.
NEW YORK, United States — Abercrombie & Fitch Co. Chief Executive Officer Mike Jeffries got a new contract with the teen-apparel retailer amid weakening earnings and a shareholder’s call for him to be replaced.
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.
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.
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.
NEW YORK, United States — Guess Inc reported second-quarter results above estimates due to better-than-expected sales in North America, sending its shares up 18 percent in after market trading.
NEW YORK, United States — Abercrombie & Fitch Co, Aeropostale Inc and American Eagle Outfitters Inc have fallen out of fashion with fickle U.S. teen shoppers and aren't likely to win back their business anytime soon.
NEW YORK, United States — Abercrombie & Fitch Co. plunged the most in more than 21 months after forecasting profit for the current quarter that was less than analysts estimated amid declining traffic at its stores.
PARIS, France — France's official human rights watchdog said on Wednesday it was investigating Abercrombie & Fitch Co over concerns the U.S. clothing retailer discriminates in hiring store staff based on appearance.
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.
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,
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,