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 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

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Theyskens at Nina Ricci, Retail stocks, New consumer mind-set, Retail winners and losers

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

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

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,…

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Pax Americana: Abercrombie & Fitch

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)…

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