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,
At Abercrombie & Fitch, Sex No Longer Sells (Business Week) “Abercrombie & Fitch’s skin-filled ads and nightclub vibe once delighted American teenagers and infuriated parents. Today, many aren’t even paying attention. The once-edgy retailer has lost a third of its market value in the past year as it grapples with falling sales in Europe and the U.S.” Giorgio Armani courts China (AFR) “‘Are you
Downtown Comes Uptown (NY Times) “Conspicuous consumption has made a resounding return to Madison Avenue, at least on that mile of glistening shops stretching north of Barneys New York at East 60th Street. But it isn’t quite the same Madison Avenue as what was there before. Nearly 50 stores have opened in the last 18 months, including a diverse mix of European luxury labels.” Prosperous Times for Luxury Print Media, Or
A Hard Spill in Designer Shoes (NY Times) “Kari Sigerson and Miranda Morrison couldn’t take a wrong step in their climb from Fashion Institute of Technology students to fashion-world darlings… Just over a year ago, she and Ms. Morrison were fired from the company they had created, and now they find themselves watching from the sidelines as the retooled brand is presented at this week’s New York Shoe Expo without
Why Coach Continues to Bag Soaring Profits (Forbes) “The wins just keep on coming for Coach. The New York-based leather goods and accessories brand just reported a 21 percent bump in profits as sales for its fiscal third quarter rose 16.6 percent to $1.11 billion.” Puma says hit by slowdown in Europe in Q1 (Reuters) “German sporting goods company Puma said wariness among European consumers hurt its first
Sarah Burton (Interview) “When Sarah Burton was named Creative Director of Alexander McQueen in May 2010, she was charged with a task that many thought impossible… It was Burton who, despite the circumstances, helped shepherd to completion McQueen’s last collection for Fall 2010, which was in progress when he died.” How Carolina Herrera turned being chic into big business (CNN) “In her ‘uniform’