The apparel retailer reported on Wednesday that its third-quarter earnings jumped 15.3% as increased sales offset higher markdown rates. For the period ending Nov. 3, abercrombie (nyse: ANF - news - people ) earned $117.6 million, or $1.29 per share, up from $102.0 million, or $1.11 per share in the third quarter of 2006.
Total sales for the period climbed to $973.9 million, up 12.8% from $863.4 million in the similar period a year prior. Same-store sales for the quarter rose 1%, which includes sales at Hollister and RUEHL brands. Same-store sales at hollister clothing stores grew 3%.
The New Albany, Ohio-based company beat the profit predictions of analyst polled by Thomson Financial, who forecast $1.28 per share. However, abercrombie outlet fell short of the Street's sales estimate of $985.3 million.
2009年10月18日星期日
2009年10月14日星期三
Abercrombie & Fitch to Close Ruehl
In a move that surprises no one, abercrombie and fitch announced that it will be closing Ruehl by the end of the year. Ruehl, which had pretax losses of $58 million last year, wasn’t exactly helping A&F’s bottom line, which itself wasn’t looking all that rosy. Last month the company finally decided to cut prices after refusing to do so for months, even though competitors had already slashed away. And its stock prices had plunged. But the powers that be felt that marking down merch would make the brand seem cheap.Adding to the company’s woes are lawsuits filed by employees who claimed they were discriminated against, including a British woman with a prosthetic arm who was, she says, forced to work in the stockroom for not fitting in abercrombie with the store’s image. Well, at least there’s that new children’s store to keep thecompany afloat.
2009年10月13日星期二
Abercrombie & Fitch downgraded by Susquehanna
An analyst cut his rating on shares of preppy retailer Abercrombie & Fitch Co. on Wednesday, saying that
shoppers are cutting back on purchasing luxury items.
Susquehanna analyst Thomas A. Filandro downgraded the stock to "Neutral" from "Positive" and said abercrombie and fitch
high prices are hurting business since consumers are reluctant to spend money.
"Although select fashion items are resonating with hollister core shoppers, the brand's higher priced
positioning continues to create pressure on average store transactions," Filandro wrote in a client note.
Looking ahead, Filandro said that international expansion is the primary focus for growth, and abercrombie is
on track to open 13 international locations this year.
"Year-to-date, international stores posted revenue of $90 million, accounting for 7 percent of total revenue,
with productivity in excess of the domestic store average," Filandro wrote.
Abercrombie posted quarterly results last week and recorded a second-quarter loss of 30 cents per share, mostly
because of charges and a 23 percent decline in sales.
Shares of Abercrombie declined 13 cents to $31.34.
Copyright 2007 Associated Press. All rights reserved. This material may not be published broadcast, rewritten,
or redistributed
shoppers are cutting back on purchasing luxury items.
Susquehanna analyst Thomas A. Filandro downgraded the stock to "Neutral" from "Positive" and said abercrombie and fitch
high prices are hurting business since consumers are reluctant to spend money.
"Although select fashion items are resonating with hollister core shoppers, the brand's higher priced
positioning continues to create pressure on average store transactions," Filandro wrote in a client note.
Looking ahead, Filandro said that international expansion is the primary focus for growth, and abercrombie is
on track to open 13 international locations this year.
"Year-to-date, international stores posted revenue of $90 million, accounting for 7 percent of total revenue,
with productivity in excess of the domestic store average," Filandro wrote.
Abercrombie posted quarterly results last week and recorded a second-quarter loss of 30 cents per share, mostly
because of charges and a 23 percent decline in sales.
Shares of Abercrombie declined 13 cents to $31.34.
Copyright 2007 Associated Press. All rights reserved. This material may not be published broadcast, rewritten,
or redistributed
2009年9月28日星期一
Abercrombie & Fitch was real surprise
I had read about it being dark and like a gay abercrombie and fitch techno club but even so it was such a surprise. From the semi-naked chaps welcoming us in, to the nightclub atmosphere with the only illumination mainly being on the products with a few spotlights. I’d also read somewhere about the staff being too beautiful abercrombie and fitch to talk to us customers but that didn’t really seem to be the case. Not much was being sold when we were there but we’d seen plenty of people, particularly teenage girls with A&F bags when we were on the way there and there was a short queue for the fitting rooms. In fact that’s how we found the store by following the shopping bags.
What I think is very enjoyable is when a abercrombie and fitch brand shocks you in some way. I assumed we’d be in a Long Island, Hamptons type of environment, big skies and pale colours as you see on their website but that’s not at all the case. Dark wood and dark grey painted walls, sculptures and paintings created a much more vibrant and exciting atmosphere. The shelves were stacked high with product and big glass cases were staffed with the (smiling) beautiful people behind them, shades abercrombie and fitch of the sweet shop in Willy Wonka and the Chocolate Factory (Gene Wilder version). There were also plenty of spaces to walk around, similar in a way to Asprey but without the breadth of product, so plenty to explore giving it even more of that nightclub atmosphere.
We’re back to London in a week or two and I think another visit may well be in order.Retail Safari (part 2) – abercrombie and fitch
What I think is very enjoyable is when a abercrombie and fitch brand shocks you in some way. I assumed we’d be in a Long Island, Hamptons type of environment, big skies and pale colours as you see on their website but that’s not at all the case. Dark wood and dark grey painted walls, sculptures and paintings created a much more vibrant and exciting atmosphere. The shelves were stacked high with product and big glass cases were staffed with the (smiling) beautiful people behind them, shades abercrombie and fitch of the sweet shop in Willy Wonka and the Chocolate Factory (Gene Wilder version). There were also plenty of spaces to walk around, similar in a way to Asprey but without the breadth of product, so plenty to explore giving it even more of that nightclub atmosphere.
We’re back to London in a week or two and I think another visit may well be in order.Retail Safari (part 2) – abercrombie and fitch
2009年9月27日星期日
Abercrombie & Fitch manager denies taunting disabled employee
A manager today denied "taunting and goading" a disabled employee at an abercrombie and fitch store in London.
Riam Dean has told an employment tribunal she "questioned her worth as a human being" after she was forced to work in the stockroom of the US clothing retailer because she did not fit its strict "look" policy.
The law student, who was born with her left abercrombie and fitch forearm missing, said she was granted special permission to wear a cardigan to cover the join in her arm, but was later removed from the shop floor because the cardigan did not adhere to the dress code.
Maria Barbera, the store manager said to have taunted abercrombie and fitch Miss Dean at the London flagship store on Saville Road, denied being aggressive towards the junior employee.
The Spanish manager, who has since been promoted to a more senior role at the abercrombie and fitch sister chain, Hollister, told the tribunal panel in London: "I was aware that she had a prosthetic arm, but did not know that she had been given approval to wear clothes that were not in accordance with the look policy.
"I explained that she could not work on the shop floor because of her cardigan and asked that she go and work in the stockroom. Riam did not seem upset by this."
However, later, the tribunal heard, the manager learned that Miss Dean had complained to a colleague about being "kicked off" the shop floor.
Ms Barbera confronted Miss Dean, telling her: "If you have a problem with me, you tell me."
Ms Barbera told the panel: "I was direct and straight to the point. I did not think my manner was aggressive or intimidating in any way.
"Rian told me she was upset because I did not give her the opportunity to take the cardigan off.
"I explained that I had wrongly assumed that she abercrombie and fitch would not want to remove the cardigan."
Ms Barbera told Miss Dean that, if she took her cardigan off, she could go and work on the shop floor.
Miss Dean is then alleged to have replied: "It's okay, I'm used to being the victim."
Ms Barbera acknowledged that she was "upset and annoyed" by events, but claimed she did not make the link between Miss Dean's reluctance to take off her cardigan and the fact that she wore a prosthetic arm until later.
The tribunal heard that Ms Barbera's only equal opportunities training had been in the form of a computer programme completed on line.
Ms Dean started working at the store on June 11 last year. She worked five shifts before leaving on July 4 after the encounter with Ms Barbera.
Riam Dean has told an employment tribunal she "questioned her worth as a human being" after she was forced to work in the stockroom of the US clothing retailer because she did not fit its strict "look" policy.
The law student, who was born with her left abercrombie and fitch forearm missing, said she was granted special permission to wear a cardigan to cover the join in her arm, but was later removed from the shop floor because the cardigan did not adhere to the dress code.
Maria Barbera, the store manager said to have taunted abercrombie and fitch Miss Dean at the London flagship store on Saville Road, denied being aggressive towards the junior employee.
The Spanish manager, who has since been promoted to a more senior role at the abercrombie and fitch sister chain, Hollister, told the tribunal panel in London: "I was aware that she had a prosthetic arm, but did not know that she had been given approval to wear clothes that were not in accordance with the look policy.
"I explained that she could not work on the shop floor because of her cardigan and asked that she go and work in the stockroom. Riam did not seem upset by this."
However, later, the tribunal heard, the manager learned that Miss Dean had complained to a colleague about being "kicked off" the shop floor.
Ms Barbera confronted Miss Dean, telling her: "If you have a problem with me, you tell me."
Ms Barbera told the panel: "I was direct and straight to the point. I did not think my manner was aggressive or intimidating in any way.
"Rian told me she was upset because I did not give her the opportunity to take the cardigan off.
"I explained that I had wrongly assumed that she abercrombie and fitch would not want to remove the cardigan."
Ms Barbera told Miss Dean that, if she took her cardigan off, she could go and work on the shop floor.
Miss Dean is then alleged to have replied: "It's okay, I'm used to being the victim."
Ms Barbera acknowledged that she was "upset and annoyed" by events, but claimed she did not make the link between Miss Dean's reluctance to take off her cardigan and the fact that she wore a prosthetic arm until later.
The tribunal heard that Ms Barbera's only equal opportunities training had been in the form of a computer programme completed on line.
Ms Dean started working at the store on June 11 last year. She worked five shifts before leaving on July 4 after the encounter with Ms Barbera.
2009年9月25日星期五
Bayer in Berkeley, Abercrombie & Fitch, Fed study
Bayer HealthCare announced Wednesday abercrombie and fitch that it will invest more than $100 million to upgrade and improve its Berkeley manufacturing capabilities, a decision that dispels fears the pharmaceutical giant and the city's largest private employer would exit.
The decision by Bayer HealthCare to manufacture future versions of its hemophilia drug Kogenate isn't just about the patients. It's also a major relief for Berkeley and Oakland. Earlier this year, Bayer hinted it was considering a move out of Berkeley.
"There has definitely been a lot of bad news with NUMMI leaving and the threat of Bayer possibly leaving, so it's nice to finally give people some good news," said Tom Bates, mayor of Berkeley. "This is not just important for Berkeley but for the region as well."
This is the largest investment ever made by Bayer on the Berkeley site, said Joerg Heidrich, head of Bayer HealthCare's product supply biotech organization.
nation
abercrombie and fitch sues Beyoncé
Teen clothing retailer Abercrombie & Fitch is suing singer Beyoncé Knowles over her plans for a fragrance named after Sasha Fierce, her alter ego.
abercrombie and fitch says in a lawsuit filed Tuesday in federal court in Columbus, Ohio, that Knowles' intent to use the name constitutes trademark infringement, unfair competition and deceptive trade practices.
New Albany, Ohio-based Abercrombie says its Abercrombie & Fitch Trading Co. subsidiary has owned the Fierce trademark since 2002 for its own men's fragrance.
It asks the court to order Knowles to halt her plan to sell a fragrance with a similar name.
abercrombie and fitch says sales of its fragrance have exceeded $190 million. It projects 2009 sales at $64 million.
washington
Fed looks at medium-size lenders
Federal Reserve supervisors are examining the vulnerability of medium-size lenders to falling commercial real-estate values to gauge the size of potential losses across the banking system.
The Fed is focusing on banks smaller than the 19 largest lenders examined in detail in May, a central bank official said on condition of anonymity. The process involves gathering data from individual banks and comparing it with their peers, an approach known internally as a "horizontal review."
Policymakers need to estimate the timing for a abercrombie and fitch revival in bank lending when deciding when to withdraw emergency credit programs and record monetary stimulus. While the Fed has pumped billions of dollars of liquidity into financial institutions, total bank credit to the economy grew just 2 percent in August compared with the same month last year, according to Fed data.
The decision by Bayer HealthCare to manufacture future versions of its hemophilia drug Kogenate isn't just about the patients. It's also a major relief for Berkeley and Oakland. Earlier this year, Bayer hinted it was considering a move out of Berkeley.
"There has definitely been a lot of bad news with NUMMI leaving and the threat of Bayer possibly leaving, so it's nice to finally give people some good news," said Tom Bates, mayor of Berkeley. "This is not just important for Berkeley but for the region as well."
This is the largest investment ever made by Bayer on the Berkeley site, said Joerg Heidrich, head of Bayer HealthCare's product supply biotech organization.
nation
abercrombie and fitch sues Beyoncé
Teen clothing retailer Abercrombie & Fitch is suing singer Beyoncé Knowles over her plans for a fragrance named after Sasha Fierce, her alter ego.
abercrombie and fitch says in a lawsuit filed Tuesday in federal court in Columbus, Ohio, that Knowles' intent to use the name constitutes trademark infringement, unfair competition and deceptive trade practices.
New Albany, Ohio-based Abercrombie says its Abercrombie & Fitch Trading Co. subsidiary has owned the Fierce trademark since 2002 for its own men's fragrance.
It asks the court to order Knowles to halt her plan to sell a fragrance with a similar name.
abercrombie and fitch says sales of its fragrance have exceeded $190 million. It projects 2009 sales at $64 million.
washington
Fed looks at medium-size lenders
Federal Reserve supervisors are examining the vulnerability of medium-size lenders to falling commercial real-estate values to gauge the size of potential losses across the banking system.
The Fed is focusing on banks smaller than the 19 largest lenders examined in detail in May, a central bank official said on condition of anonymity. The process involves gathering data from individual banks and comparing it with their peers, an approach known internally as a "horizontal review."
Policymakers need to estimate the timing for a abercrombie and fitch revival in bank lending when deciding when to withdraw emergency credit programs and record monetary stimulus. While the Fed has pumped billions of dollars of liquidity into financial institutions, total bank credit to the economy grew just 2 percent in August compared with the same month last year, according to Fed data.
2009年9月24日星期四
Abercrombie & Fitch fined in MOA discrimination case
A judge ordered retail giant abercrombie and fitch to pay $115,000 for discriminating against a 14-year-old autistic customer at its Mall of America store.
The civil penalty, the largest of its kind in at least two years, came four years after store employees refused to let the autistic teen join her older sister in a fitting room because of the clothing chain's anti-shoplifting policy. The store refused to relent even after the sister, and later the girls' mother, explained that the 14-year-old abercrombie and fitch couldn't be alone because of her disability.
The confrontation humiliated the girl, who testified that the incident made her feel like a "misfit."
"She was singled out and required to hear her sister and mother repeatedly ask for accommodations based on her disability, in front of a long line of customers, at a store that markets itself to young people as a purveyor of a particularly desirable 'look' " administrative law judge Kathleen D. Sheehy declared in her ruling.
When several complaints to the company were ignored, the girl's mother, Elizabeth Maxson of Apple Valley, took the case to the Minnesota Department of Human Rights. The investigation encountered fierce resistance from abercrombie and fitch, a New Albany, Ohio-based company that posted $3.5 billion in revenues last year. The company even denied that the girl, identified only as M.M. in court documents, had a disability until the first day of the administrative law hearing in April. She was diagnosed as autistic at the age of 2.
In her ruling, Sheehy found that abercrombie and fitch violated the Minnesota Human Rights Act and ordered the company to pay the girl $25,000 for mental anguish and suffering. The company also was ordered to pay $25,000 to the state as a civil penalty, $41,069 in attorney's fees, $20,441 abercrombie and fitch to the human rights department for its expenses and $3,753 in other expenses.
The civil penalty, the largest of its kind in at least two years, came four years after store employees refused to let the autistic teen join her older sister in a fitting room because of the clothing chain's anti-shoplifting policy. The store refused to relent even after the sister, and later the girls' mother, explained that the 14-year-old abercrombie and fitch couldn't be alone because of her disability.
The confrontation humiliated the girl, who testified that the incident made her feel like a "misfit."
"She was singled out and required to hear her sister and mother repeatedly ask for accommodations based on her disability, in front of a long line of customers, at a store that markets itself to young people as a purveyor of a particularly desirable 'look' " administrative law judge Kathleen D. Sheehy declared in her ruling.
When several complaints to the company were ignored, the girl's mother, Elizabeth Maxson of Apple Valley, took the case to the Minnesota Department of Human Rights. The investigation encountered fierce resistance from abercrombie and fitch, a New Albany, Ohio-based company that posted $3.5 billion in revenues last year. The company even denied that the girl, identified only as M.M. in court documents, had a disability until the first day of the administrative law hearing in April. She was diagnosed as autistic at the age of 2.
In her ruling, Sheehy found that abercrombie and fitch violated the Minnesota Human Rights Act and ordered the company to pay the girl $25,000 for mental anguish and suffering. The company also was ordered to pay $25,000 to the state as a civil penalty, $41,069 in attorney's fees, $20,441 abercrombie and fitch to the human rights department for its expenses and $3,753 in other expenses.
2009年9月23日星期三
Abercrombie & Fitch downgraded by Susquehanna
An analyst cut his rating on shares of preppy retailer abercrombie and fitch. on Wednesday, saying that shoppers are cutting back on purchasing luxury items.
Susquehanna analyst Thomas A. Filandro downgraded the stock to "Neutral" from "Positive" and said abercrombie and fitch high prices are hurting business since consumers are reluctant to spend money.
"Although select fashion items are resonating with abercrombie and fitch core shoppers, the brand's higher priced positioning continues to create pressure on average store transactions," Filandro wrote in a client note.
Looking ahead, Filandro said that international expansion is the primary focus for growth, and abercrombie and fitch is on track to open 13 international locations this year.
"Year-to-date, international stores posted revenue of $90 million, accounting for 7 percent of total revenue, with productivity in excess of the domestic store average," Filandro wrote.
Abercrombie posted quarterly results last week and recorded a second-quarter loss of 30 cents per share, mostly because of charges and a 23 percent decline in sales.
Shares of abercrombie and fitch declined 13 cents to $31.34.
Copyright 2007 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed
Susquehanna analyst Thomas A. Filandro downgraded the stock to "Neutral" from "Positive" and said abercrombie and fitch high prices are hurting business since consumers are reluctant to spend money.
"Although select fashion items are resonating with abercrombie and fitch core shoppers, the brand's higher priced positioning continues to create pressure on average store transactions," Filandro wrote in a client note.
Looking ahead, Filandro said that international expansion is the primary focus for growth, and abercrombie and fitch is on track to open 13 international locations this year.
"Year-to-date, international stores posted revenue of $90 million, accounting for 7 percent of total revenue, with productivity in excess of the domestic store average," Filandro wrote.
Abercrombie posted quarterly results last week and recorded a second-quarter loss of 30 cents per share, mostly because of charges and a 23 percent decline in sales.
Shares of abercrombie and fitch declined 13 cents to $31.34.
Copyright 2007 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed
2009年9月22日星期二
Abercrombie & Fitch August Comps Down 29% - Update
(RTTNews) - Thursday, specialty retailer abercrombie and fitch. (ANF: News ) reported a 29% decline in
comparable store sales for August. The company, which owns Abercrombie & Fitch, abercrombie and fitch Hollister and
RUEHL brands, also posted a 23% drop in net sales compared to the same month of the previous fiscal year.
New Albany, Ohio-based abercrombie and fitch net sales for the month of August declined to $313.9 million
from net sales of $405.5 million a year earlier.
However, total company direct-to-consumer net merchandise sales increased 1% to $19.1 million from the last
year period.
Year-to-date, the company's comparable store abercrombie and fitch sales decreased 29% from the corresponding period a year back.
Year-to-date net sales decreased 23% to $1.574 billion from $2.051 billion last year. Year-to-date, total
company direct-to-consumer net merchandise sales decreased 15% to $116.9 million.
Brand-wise, abercrombie and fitch comparable store sales decreased 26%, abercrombie comparable store sales
decreased 26%, Hollister Co. comparable store sales decreased 32% and RUEHL comparable store sales decreased
37% from the same period a year ago. At month end, the company operated 348 Abercrombie & Fitch stores, 210
abercrombie stores, 510 Hollister Co. stores, 29 RUEHL stores and 16 Gilly Hicks stores in the United States.
Among the competitors, teen clothing retailer American Eagle Outfitters Inc. (AEO: News ) posted a 7% decline
in comparable store sales for the month of August. The company's total sales decreased 4%.
Another competitor, specialty retailer Gap Inc. (GPS: News ) reported a 3% decline in comparable store sales
for the month of August. Net sales declined 2% from the year ago period.
ANF is currently trading on the NYSE at $30.60, down $1.49 or 4.64%, with a volume of 2.2 million shares. In
the past 52-week period, the stock has traded in the range of $13.66 - $55.65, with an average 3-month volume
of 3.8 million shares.
comparable store sales for August. The company, which owns Abercrombie & Fitch, abercrombie and fitch Hollister and
RUEHL brands, also posted a 23% drop in net sales compared to the same month of the previous fiscal year.
New Albany, Ohio-based abercrombie and fitch net sales for the month of August declined to $313.9 million
from net sales of $405.5 million a year earlier.
However, total company direct-to-consumer net merchandise sales increased 1% to $19.1 million from the last
year period.
Year-to-date, the company's comparable store abercrombie and fitch sales decreased 29% from the corresponding period a year back.
Year-to-date net sales decreased 23% to $1.574 billion from $2.051 billion last year. Year-to-date, total
company direct-to-consumer net merchandise sales decreased 15% to $116.9 million.
Brand-wise, abercrombie and fitch comparable store sales decreased 26%, abercrombie comparable store sales
decreased 26%, Hollister Co. comparable store sales decreased 32% and RUEHL comparable store sales decreased
37% from the same period a year ago. At month end, the company operated 348 Abercrombie & Fitch stores, 210
abercrombie stores, 510 Hollister Co. stores, 29 RUEHL stores and 16 Gilly Hicks stores in the United States.
Among the competitors, teen clothing retailer American Eagle Outfitters Inc. (AEO: News ) posted a 7% decline
in comparable store sales for the month of August. The company's total sales decreased 4%.
Another competitor, specialty retailer Gap Inc. (GPS: News ) reported a 3% decline in comparable store sales
for the month of August. Net sales declined 2% from the year ago period.
ANF is currently trading on the NYSE at $30.60, down $1.49 or 4.64%, with a volume of 2.2 million shares. In
the past 52-week period, the stock has traded in the range of $13.66 - $55.65, with an average 3-month volume
of 3.8 million shares.
2009年9月21日星期一
Abercrombie and Fitch
Yet another American company that sells clothes abercrombie and fitch that were made in a sweatshop overseas then turns around and sells the items for ridiculous amounts of money. Now, don't get me wrong. I know there are much more expensive stores out there and that they probably have sweatshops as well. However, abercrombie and fitch were sued in the 1990's for unsatisfactory working conditions in their sweatshops in Saipan, a US territory. These violations included rat infested barracks (the places where the workers slept), locked fire exits (so that in case of a fire, the workers were trapped) and over 100 other health violations. Personally, i think that abercrombie and fitch is a stupid store, and it's not because i can't afford it, or am ugly, or whatever everyone who absolutely loves the store thinks. It's because of the products they sell (sexually oriented clothing, even for children) and the way they sell it (half naked models who are unhealthily thin). Plus, my sister and i both agree on this point, the stores I've always been in stink to high heaven.
oh, and for all of you abercrombie and fitch lovers out there who claim that everyone who hates it is ugly, please go listen to yourself and decide if you actually sound like someone who others would care to listen to.
Next time you put on that nice little minimum-material-required t-shirt from abercrombie and fitch, think about the kids that made that shirt making less than $1 dollar/hour. Yeah. have fun with that.
oh, and for all of you abercrombie and fitch lovers out there who claim that everyone who hates it is ugly, please go listen to yourself and decide if you actually sound like someone who others would care to listen to.
Next time you put on that nice little minimum-material-required t-shirt from abercrombie and fitch, think about the kids that made that shirt making less than $1 dollar/hour. Yeah. have fun with that.
2009年9月20日星期日
Abercrombie & Fitch Brand Protection Program to combat the issue worldwide
Abercrombie and Fitch (A&F) (NYSE: ANF) is an American fashion retailer, headed by chairman and CEO Michael S. Jeffries. The A&F brand focuses on casualwear for a target consumer age of 18 through 22. With over 300 locations in the United States, the brand has embarked on international expansion throughout various world markets.Its youthful, racy image has become synonymous with the American youth and has been a mark of multiple parody and controversy. A&F currently operates four other brands: abercrombie, Hollister Co., Gilly Hicks, and RUEHL No.925 (shuttered by end of January 2010)collectively ranging between the ages of 7 through 35.
Founded in 1892 by David T. Abercrombie, A&F had been an outfitter of sporting and excursion goods. It struggled financially from the late 1960s until it was purchased by The Limited in 1988 and repositioned, under the management of Mike Jeffries, as the aspirational “Casual Luxury” lifestyle brand in present form.Prominent figures who patronized the company in its excursion goods days.
Management and marketing
Corporate officials
The following are the top corporate officials of Abercrombie & Fitch Co.
Michael S. Jeffries - Chairman and Chief Executive Officer, Jefferies has held this position since the 1990s. He has renovated the brand and oversees all aspects of the company.
Diane Chang - Executive Vice President of Sourcing
Leslee K. Herro - Executive Vice President of Planning and Allocation
David S. Cupps - Senior Vice President, Sec. and General Counsel
Thomas D. Lennox - Head of Corporate Communications
Richard Clarke - Executive Vice President and Chief Financial Officer
Amy Zehr - Vice President of Stores
The company is headquartered at “Home Office”. It has a European branch in Milan, Italy.
Advertising
The official logo of Abercrombie & Fitch is the moose. The company markets through its sensual photographs with a beach, architectural, or mountainous backdrop in grayscale. The marketing photographer is Bruce Weber, who is known for his sexual photography for Calvin Klein and Polo Ralph Lauren. Models and the photos pertaining to them were previewed seasonally on “A&F New Faces”, a previous feature on the official website. After only featuring select photography, it was renamed “Photo Gallery.” “A&F Casting” was introduced in place of “A&F New Faces” to advertise and to give information on being cast for marketing campaigns. The company only casts “brand reps” (store associates) for campaigns. They use especially good-looking models to attract young people to buy their clothes.
Merchandise and brand protection
The company uses trademark Casual Luxury to promote the brand. The brand defines the slogan as using “the finest cashmere, pima cottons, and highest quality leather to create the ultimate in casual, body conscious clothing,” and “implementing and/or incorporating time honored machinery …to produce the most exclusive denim…”
The brand carries Men’s fragrances Fierce, Cologne 41, Proof, and Colden. Women’s fragrances include Perfume 8, Classic, Perfume 41, and Wakely. Released at the same time, Fierce and 8 and Cologne41 and Perfume 41 are marketed to compliment one another. High-end fragrances Ezra Fitch (cologne) and Ezra parfum were described as the embodiment of “the Abercrombie & Fitch heritage,” until they were discontinued. Cologne Proof was released in Christmas 2006 to be removed a year later (though some stores still carry Cologne Proof). Perfumes Ready is also among the retired fragrances. Fierce and 8 are the most heavily marketed fragrances as they are the signature scents of the brand overall.
As the popularity of Abercrombie & Fitch goods increased, so did the counterfeiting of them. In 2006, the company launched the Abercrombie & Fitch Brand Protection Program to combat the issue worldwide (focusing more in Taiwan, China, Hong Kong, Japan and Korea) by working with legal forces globally.[28] Shane Berry, who joined the company in November 2005, was placed in charge of the program. Berry is a former Supervisory Special Agent from the FBI, and was a part of its Intellectual Property Rights Program. The news release from A&F announcing its initiative stated that the “program will improve current practices and strategies by focusing on eliminating the supply of illicit Abercrombie & Fitch products.”
The Brand Protection program covers all A&F brands; mainly A&F, Hollister and RUEHL {shuttered by end of January 2010). Assuring that its consumers are aware of the issue, the abercrombie and fitch Brand Protection and abercrombie and fitch brand protection features suggest customers to purchase from authentic stores and to report suspected A&F counterfeiting.
The company’s abercrombie and fitch brand gift cards have been recognized by Consumer Affairs as a “top pick” for not having deceptive features such as expiration dates, dormancy fees, and post-purchase fees.
Other A&F brands
A&F currently has four other concepts apart from its namesake, Abercrombie & Fitch. While referred to as subsidiaries, the brands do not operate separately contrary to the definition; all brands are completely managed under the same abercrombie and fitch workforce. abercrombie and fitch Co. holds full rights and ownership to every trademark of the following brands.
Founded in 1892 by David T. Abercrombie, A&F had been an outfitter of sporting and excursion goods. It struggled financially from the late 1960s until it was purchased by The Limited in 1988 and repositioned, under the management of Mike Jeffries, as the aspirational “Casual Luxury” lifestyle brand in present form.Prominent figures who patronized the company in its excursion goods days.
Management and marketing
Corporate officials
The following are the top corporate officials of Abercrombie & Fitch Co.
Michael S. Jeffries - Chairman and Chief Executive Officer, Jefferies has held this position since the 1990s. He has renovated the brand and oversees all aspects of the company.
Diane Chang - Executive Vice President of Sourcing
Leslee K. Herro - Executive Vice President of Planning and Allocation
David S. Cupps - Senior Vice President, Sec. and General Counsel
Thomas D. Lennox - Head of Corporate Communications
Richard Clarke - Executive Vice President and Chief Financial Officer
Amy Zehr - Vice President of Stores
The company is headquartered at “Home Office”. It has a European branch in Milan, Italy.
Advertising
The official logo of Abercrombie & Fitch is the moose. The company markets through its sensual photographs with a beach, architectural, or mountainous backdrop in grayscale. The marketing photographer is Bruce Weber, who is known for his sexual photography for Calvin Klein and Polo Ralph Lauren. Models and the photos pertaining to them were previewed seasonally on “A&F New Faces”, a previous feature on the official website. After only featuring select photography, it was renamed “Photo Gallery.” “A&F Casting” was introduced in place of “A&F New Faces” to advertise and to give information on being cast for marketing campaigns. The company only casts “brand reps” (store associates) for campaigns. They use especially good-looking models to attract young people to buy their clothes.
Merchandise and brand protection
The company uses trademark Casual Luxury to promote the brand. The brand defines the slogan as using “the finest cashmere, pima cottons, and highest quality leather to create the ultimate in casual, body conscious clothing,” and “implementing and/or incorporating time honored machinery …to produce the most exclusive denim…”
The brand carries Men’s fragrances Fierce, Cologne 41, Proof, and Colden. Women’s fragrances include Perfume 8, Classic, Perfume 41, and Wakely. Released at the same time, Fierce and 8 and Cologne41 and Perfume 41 are marketed to compliment one another. High-end fragrances Ezra Fitch (cologne) and Ezra parfum were described as the embodiment of “the Abercrombie & Fitch heritage,” until they were discontinued. Cologne Proof was released in Christmas 2006 to be removed a year later (though some stores still carry Cologne Proof). Perfumes Ready is also among the retired fragrances. Fierce and 8 are the most heavily marketed fragrances as they are the signature scents of the brand overall.
As the popularity of Abercrombie & Fitch goods increased, so did the counterfeiting of them. In 2006, the company launched the Abercrombie & Fitch Brand Protection Program to combat the issue worldwide (focusing more in Taiwan, China, Hong Kong, Japan and Korea) by working with legal forces globally.[28] Shane Berry, who joined the company in November 2005, was placed in charge of the program. Berry is a former Supervisory Special Agent from the FBI, and was a part of its Intellectual Property Rights Program. The news release from A&F announcing its initiative stated that the “program will improve current practices and strategies by focusing on eliminating the supply of illicit Abercrombie & Fitch products.”
The Brand Protection program covers all A&F brands; mainly A&F, Hollister and RUEHL {shuttered by end of January 2010). Assuring that its consumers are aware of the issue, the abercrombie and fitch Brand Protection and abercrombie and fitch brand protection features suggest customers to purchase from authentic stores and to report suspected A&F counterfeiting.
The company’s abercrombie and fitch brand gift cards have been recognized by Consumer Affairs as a “top pick” for not having deceptive features such as expiration dates, dormancy fees, and post-purchase fees.
Other A&F brands
A&F currently has four other concepts apart from its namesake, Abercrombie & Fitch. While referred to as subsidiaries, the brands do not operate separately contrary to the definition; all brands are completely managed under the same abercrombie and fitch workforce. abercrombie and fitch Co. holds full rights and ownership to every trademark of the following brands.
2009年9月18日星期五
Do you want to buy Abercrombie and fitch clothing?
Any body know the abercrombie and fitch, and may be if you are no so much money to buy the Abercrombie clothing, follow you may find some suggestion:
abercrombie and fitch clothing is one of the most coveted of all casual designer clothing. The clothing very fashion,but It is also among the most expensive. You can save money when you purchase Abercrombie clothing by seeking out an online retailer. Instead of paying top dollar at the mall for abercrombie and fitch, you can get it for less money when you shop online.And get the same clothing with the mall,why not?
The money is not the only reason why you should shop online for abercrombie and fitch. Selection is a big factor. When you shop in a mall store for Abercrombie, you are limited to the selection that they offer in the store. This can limit you when it comes to sizes, colors, and styles. Not all stores carry the same designs and you may be stuck in an area where the selection is very limited.
And shopping online you can easy to find which one you like. When you go online, you can see clearly the selection as it is presented. You can also get more of a selection in clothes when you go online, as opposed to shopping offline. If you want to get the best selection when it comes to Abercrombie clothes, go online for easy shopping.
Another factor is that if you shop at an online vendor that specializes not only in Abercrombie clothing, but also other top designers, you can mix and match your purchases. If you want to buy jeans from another designer as well as clothes from abercrombie and fitch seller, then you can do so easily when you look for a vendor that has a full range of clothes from the hot designers. You are not limited when shopping online as you are when you choose to shop online.
Very often, when you shop online for anything, including designer clothes,also the shoes,and other products, you will find that there is a much greater selection awaiting you. It can be difficult to get what you want in an offline store. This is not so when you shop online. When you shop online, you can find a vast selection of just about anything that you want. If you want to get Abercrombie clothing that not everyone else is wearing, your best bet is to shop for it online,also the price is compete.
But attention,more and more scamer on the internet,so when you shopping,please check carefully.
If you are looking for the hottest clothes by Abercrombie or other designers, you need to go to Abercrombie. Here you will find not only Abercrombie Clothing but also clothing from other name designers that are the hottest thing going when it comes to casual designer wear.
Also you may find a good wholesale Abercrombie seller,may be you can do some business,buy so much from them and selling to your friend!
abercrombie and fitch clothing is one of the most coveted of all casual designer clothing. The clothing very fashion,but It is also among the most expensive. You can save money when you purchase Abercrombie clothing by seeking out an online retailer. Instead of paying top dollar at the mall for abercrombie and fitch, you can get it for less money when you shop online.And get the same clothing with the mall,why not?
The money is not the only reason why you should shop online for abercrombie and fitch. Selection is a big factor. When you shop in a mall store for Abercrombie, you are limited to the selection that they offer in the store. This can limit you when it comes to sizes, colors, and styles. Not all stores carry the same designs and you may be stuck in an area where the selection is very limited.
And shopping online you can easy to find which one you like. When you go online, you can see clearly the selection as it is presented. You can also get more of a selection in clothes when you go online, as opposed to shopping offline. If you want to get the best selection when it comes to Abercrombie clothes, go online for easy shopping.
Another factor is that if you shop at an online vendor that specializes not only in Abercrombie clothing, but also other top designers, you can mix and match your purchases. If you want to buy jeans from another designer as well as clothes from abercrombie and fitch seller, then you can do so easily when you look for a vendor that has a full range of clothes from the hot designers. You are not limited when shopping online as you are when you choose to shop online.
Very often, when you shop online for anything, including designer clothes,also the shoes,and other products, you will find that there is a much greater selection awaiting you. It can be difficult to get what you want in an offline store. This is not so when you shop online. When you shop online, you can find a vast selection of just about anything that you want. If you want to get Abercrombie clothing that not everyone else is wearing, your best bet is to shop for it online,also the price is compete.
But attention,more and more scamer on the internet,so when you shopping,please check carefully.
If you are looking for the hottest clothes by Abercrombie or other designers, you need to go to Abercrombie. Here you will find not only Abercrombie Clothing but also clothing from other name designers that are the hottest thing going when it comes to casual designer wear.
Also you may find a good wholesale Abercrombie seller,may be you can do some business,buy so much from them and selling to your friend!
2009年9月17日星期四
Abercrombie & Fitch Posts Q2 Loss on Charges, Sales Decline (ANF)
Teen clothing retailer abercrombie and fitch. (ANF) on Friday said that it lost $26.7 million in the second quarter, hurt by lower sales and charges related to shutting its ill-conceived Ruehl stores brand.
The New Albany, Ohio-based company reported a second quarter net loss of $26.7 million, or 30 cents per share, compared with a profit of $77.8 million, or 87 cents per share, in the year-ago period. The latest results included $24.4 million in special charges.
Sales fell 23% from last year to $648.5 million.
On average, Wall Street analysts expected a loss of 7 cents per share, excluding special items.
Same-store sales, perhaps the most telling abercrombie and fitch metric for retailers, plunged 30% from last year. Same-store sales are considered a key indicator of a retailer’s health, since they measure the performance of stores open at least one year.
In order to combat the lower sales of its relatively-high priced merchandise amid the recession, abercrombie and fitch cut its marketing, general, and administrative costs by 19% in the quarter.
abercrombie and fitch shares rose $1.03, or +3.1%, in morning trading Friday.
The Bottom Line
We have been avoiding shares of ANF since our early June coverage began, and the stock was trading at $67.37. The company has a dividend yield of 2.12%, based on last night’s closing stock price of $32.96. The stock has technical support in the $25-$27 price area. If the shares can continue the recent run, we see overhead resistance around the $36 price level. We would remain on the sidelines for now.
abercrombie and fitch. (ANF) is not recommended at this time, holding a Dividend.com DARS? Rating of 3.2 out of 5 stars.
The New Albany, Ohio-based company reported a second quarter net loss of $26.7 million, or 30 cents per share, compared with a profit of $77.8 million, or 87 cents per share, in the year-ago period. The latest results included $24.4 million in special charges.
Sales fell 23% from last year to $648.5 million.
On average, Wall Street analysts expected a loss of 7 cents per share, excluding special items.
Same-store sales, perhaps the most telling abercrombie and fitch metric for retailers, plunged 30% from last year. Same-store sales are considered a key indicator of a retailer’s health, since they measure the performance of stores open at least one year.
In order to combat the lower sales of its relatively-high priced merchandise amid the recession, abercrombie and fitch cut its marketing, general, and administrative costs by 19% in the quarter.
abercrombie and fitch shares rose $1.03, or +3.1%, in morning trading Friday.
The Bottom Line
We have been avoiding shares of ANF since our early June coverage began, and the stock was trading at $67.37. The company has a dividend yield of 2.12%, based on last night’s closing stock price of $32.96. The stock has technical support in the $25-$27 price area. If the shares can continue the recent run, we see overhead resistance around the $36 price level. We would remain on the sidelines for now.
abercrombie and fitch. (ANF) is not recommended at this time, holding a Dividend.com DARS? Rating of 3.2 out of 5 stars.
2009年9月16日星期三
Abercrombie and Fitch lifestyle
abercrombie and fitch is not a lifestyle! It is an illusion of one. You're being sold to, and taken for a fool because of how cheaply made their clothes are. They're acutally making you think that ripped jeans are worth paying over $100 for?
If people want a casual lifestyle, then stop obsessing over clothes, and how you look. Don't worry about it, most people look fine. It's only when we compare ourselves to others, when we feel bad!
abercrombie and fitch in in just about every mall in the nation, and now they're all over the world. Our country has a huge obesity epidemic on its hands, and our abercrombie and fitch teenagers are being marketed to by these people to think that they need to live up to this ideal of beauty that they portray.
abercrombie and fitch is not a lifestyle, it's a business. People on the East Coast, want the West Coast style, etc- so they sell it to you in paper thin shirts that rip and shrink and jeans with holes in them. In reality...nobody really dresses like that, and abercrombie and fitch you end up walking around looking like a carbon copy of everyone else who has bought into the hype!
If people want a casual lifestyle, then stop obsessing over clothes, and how you look. Don't worry about it, most people look fine. It's only when we compare ourselves to others, when we feel bad!
abercrombie and fitch in in just about every mall in the nation, and now they're all over the world. Our country has a huge obesity epidemic on its hands, and our abercrombie and fitch teenagers are being marketed to by these people to think that they need to live up to this ideal of beauty that they portray.
abercrombie and fitch is not a lifestyle, it's a business. People on the East Coast, want the West Coast style, etc- so they sell it to you in paper thin shirts that rip and shrink and jeans with holes in them. In reality...nobody really dresses like that, and abercrombie and fitch you end up walking around looking like a carbon copy of everyone else who has bought into the hype!
2009年9月15日星期二
Abercrombie & Fitch Must Pay for Harassing Former Employee
abercrombie and fitch is going to need to push some extra moose-emblazoned button-downs and hoodies today.
Britain's Central London Employment Tribunal awarded former employee Riam Dean ￡9,014 (approximately $14,696) after ruling that the clothing giant had abercrombie and fitch harassed her about her prosthetic arm, reports the Daily Mail.
Dean, who worked at the abercrombie and fitch London flagship store, sued the company for discrimination against her disability, claiming bosses banished her to the stockroom rather than use her on the sales floor, and even suggested that she stay out of sight until the colder months, when employee uniforms allowed for more arm coverage.
Though the tribunal did acknowledge that abercrombie and fitch created an "adversely humiliating environment" for Dean -- who quit after just five shifts -- they did not find evidence of direct discrimination, due to the fact that all store employees must adhere to the in-house looks policy dictating appearance.
Hey, ￡9,014 could buy a ton of abercrombie and fitch rugby shirts, but something tells us Dean will take her money elsewhere.
Britain's Central London Employment Tribunal awarded former employee Riam Dean ￡9,014 (approximately $14,696) after ruling that the clothing giant had abercrombie and fitch harassed her about her prosthetic arm, reports the Daily Mail.
Dean, who worked at the abercrombie and fitch London flagship store, sued the company for discrimination against her disability, claiming bosses banished her to the stockroom rather than use her on the sales floor, and even suggested that she stay out of sight until the colder months, when employee uniforms allowed for more arm coverage.
Though the tribunal did acknowledge that abercrombie and fitch created an "adversely humiliating environment" for Dean -- who quit after just five shifts -- they did not find evidence of direct discrimination, due to the fact that all store employees must adhere to the in-house looks policy dictating appearance.
Hey, ￡9,014 could buy a ton of abercrombie and fitch rugby shirts, but something tells us Dean will take her money elsewhere.
2009年9月14日星期一
Law Student, Prosthetic Arm, Abercrombie & Fitch
We figured those three phrases alone would be enough to get you to abercrombie and fitch to sit up and take notice. A law student with a prosthetic arm has won her suit for wrongful dismissal against U.S. clothing retailer abercrombie and fitch after she was ordered to work in the stockroom. Click here for the AP story.
The woman, Riam Dean (pictured), had alleged that she was removed from a London branch’s sales floor because the cardigan she wore to cover her missing left forearm violated abercrombie and fitch strict dress code. The 22-year-old testified that her manager taunted her about her disability. Ohio-based Abercrombie denied this.
A London employment trial ordered abercrombie and fitch to pay Dean about $15,000 in compensation for injured feelings, lost earnings and wrongful dismissal.
According to Dean, she was asked by a company employee if it would be possible “to keep you in the stockroom until the winter abercrombie and fitch uniform arrives.” Dean then received letter saying she had been “erroneously placed on the shop floor.”
The woman, Riam Dean (pictured), had alleged that she was removed from a London branch’s sales floor because the cardigan she wore to cover her missing left forearm violated abercrombie and fitch strict dress code. The 22-year-old testified that her manager taunted her about her disability. Ohio-based Abercrombie denied this.
A London employment trial ordered abercrombie and fitch to pay Dean about $15,000 in compensation for injured feelings, lost earnings and wrongful dismissal.
According to Dean, she was asked by a company employee if it would be possible “to keep you in the stockroom until the winter abercrombie and fitch uniform arrives.” Dean then received letter saying she had been “erroneously placed on the shop floor.”
2009年9月13日星期日
Analysts predict continued sales weakness ahead of Abercrombie & Fitch 2nd-quarter results
NEW YORK — Teen apparel retailer abercrombie and fitch reports earnings for the fiscal second-quarter quarter on Friday. The following is a summary of key developments and analyst opinion related to the period.
OVERVIEW: abercrombie and fitch. has seen sinking sales amid the recession, as it kept its price points among the highest in the teen sector and waited for a rebound. Over the past few months it has planned more sales and offered lower entry-level prices, but sales are still expected to sink during the quarter ended Aug. 2. Meanwhile, competitors such as Aeropostale Inc. and American Eagle Outfitters Inc., with their emphasis on low prices and basics, have fared better.
Sales in stores open at least on year, or so-called same-store sales, fell 28 percent in July, 32 percent in June and 28 percent in May.
The company said it was shuttering its high-priced Ruehl line of handbags and apparel in a move expected to be complete in January 2010. New Albany, Ohio-based Abercrombie also operates surf-themed Hollister, abercrombie and fitch its store for children, and Gilly Hicks, an intimate apparel line.
BY THE NUMBERS: Analysts polled by Thomson Reuters, on average, predict a loss of 7 cents per share on revenue of $647.9 million. The company said, according to a preliminary tally, sales fell 23 percent to $648.5 during the quarter.
ANALYST TAKE: In a note to investors, RBC Capital Markets analyst Howard Tubin said in a client note Tuesday lowering price points and offering more "current-season" fashion in stores are encouraging acts, but he said it will take more of an effort for results to improve.
"We remain on the sidelines with respect to the shares until we see significant newness offered within the assortments across all concepts," wrote Tubin, who rates the company "Average Risk."
Stifel Nicolaus analyst Richard Jaffe wrote in a abercrombie and fitch note to investors that he expects a loss of 3 cents per share, with weak women's apparel offerings and the recession holding back results.
"On a positive note we believe management has demonstrated better inventory management, which bodes well for the second half and we believe that the markdown cadence will likely be more effective going forward (shallower markdowns taken throughout the quarter instead of deep clearance activity at the end of the quarter)," he wrote.
WHATS AHEAD: Analysts will be looking for abercrombie and fitch any indication about how back-to-school sales are doing, an update on closing Ruehl stores and any indications about how the company is planning for the upcoming holiday season.
OVERVIEW: abercrombie and fitch. has seen sinking sales amid the recession, as it kept its price points among the highest in the teen sector and waited for a rebound. Over the past few months it has planned more sales and offered lower entry-level prices, but sales are still expected to sink during the quarter ended Aug. 2. Meanwhile, competitors such as Aeropostale Inc. and American Eagle Outfitters Inc., with their emphasis on low prices and basics, have fared better.
Sales in stores open at least on year, or so-called same-store sales, fell 28 percent in July, 32 percent in June and 28 percent in May.
The company said it was shuttering its high-priced Ruehl line of handbags and apparel in a move expected to be complete in January 2010. New Albany, Ohio-based Abercrombie also operates surf-themed Hollister, abercrombie and fitch its store for children, and Gilly Hicks, an intimate apparel line.
BY THE NUMBERS: Analysts polled by Thomson Reuters, on average, predict a loss of 7 cents per share on revenue of $647.9 million. The company said, according to a preliminary tally, sales fell 23 percent to $648.5 during the quarter.
ANALYST TAKE: In a note to investors, RBC Capital Markets analyst Howard Tubin said in a client note Tuesday lowering price points and offering more "current-season" fashion in stores are encouraging acts, but he said it will take more of an effort for results to improve.
"We remain on the sidelines with respect to the shares until we see significant newness offered within the assortments across all concepts," wrote Tubin, who rates the company "Average Risk."
Stifel Nicolaus analyst Richard Jaffe wrote in a abercrombie and fitch note to investors that he expects a loss of 3 cents per share, with weak women's apparel offerings and the recession holding back results.
"On a positive note we believe management has demonstrated better inventory management, which bodes well for the second half and we believe that the markdown cadence will likely be more effective going forward (shallower markdowns taken throughout the quarter instead of deep clearance activity at the end of the quarter)," he wrote.
WHATS AHEAD: Analysts will be looking for abercrombie and fitch any indication about how back-to-school sales are doing, an update on closing Ruehl stores and any indications about how the company is planning for the upcoming holiday season.
2009年9月10日星期四
Shopping Abercrombie Fitch
I have always liked abercrombie and fitch clothes. I guess you would call me an abercrombie and fitchguy. I am the type of guy they try so hard to portray in clothing magazines. I am in a fraternity, I lift weights, and I enjoy the brotherly camaraderie of other males as much as the affection of attractive women. I guess you could call me an all around mans man.
The great thing about going to an abercrombie and fitch outlet store is that you can save a lot of money without sacrificing fashion sense. Abercrombie Fitch outlets, like any other clothing outlets stock The same clothing at a reduced price. There are many different reasons why they reduce prices at outlet stores. Sometimes, you are buying last years clothing for a remarkable markdown. Other times, you simply get to save a little bit of money by going to a more central location. Outlets stores are so big and do so much traffic that, on a per item basis, they cost a lot less to operate. Some of these savings are passed on to the consumer.
The abercrombie and fitch outlet is actually not very close to where I live. I am in a small college town, and as such there is not really an abercrombie and fitch
store in town. It is about three hours drive, not a small trip by any standard. That is why I get together with my fraternity brothers once a month and take a trip out to the outlet store.
store in town. It is about three hours drive, not a small trip by any standard. That is why I get together with my fraternity brothers once a month and take a trip out to the outlet store.
2009年9月9日星期三
The History of Abercrombie and Fitch
Abercrombie & Fitch began in 1892 under the name David T. Abercrombie Co. It was a small waterfront shop and factory in New York City. The founder, David Abercrombie, was a former trapper, prospector, topographer, and railroad surveyor. His love for the great outdoors influenced his store, Abercrombie & Co., and was dedicated to camping, fishing, and hunting gear. His clientele consisted mostly of hunters and explorers. Ezra Fitch, a lawyer in New York crossed paths with Abercrombie & Co. in his search for outstanding outdoor gear. In 1900 Abercrombie became Abercrombie & Fitch and Ezra became a partner.
Long arguments formed between the two men regarding the future of Abercrombie & Fitch. Abercrombie wanted to continue selling gear to professional outdoorsmen, while Fitch wanted to focus the store on the general public. abercrombie and fitch resigned in 1907 leaving the store in the hands of Ezra Fitch. Fitch wanted the store to have an outdoor feeling. He set up a tent in the middle of the store, and a campfire blazed in a corner. The clerks hired at A&F were not professional salesmen, they were true outdoorsmen. Inventory expanded as did the store. A&F became the first store in New York to supply such clothing to women as well as men. A&F began publishing a magazine which contained 456 pages of outdoor gear and clothing. Now there were 50,000 prospective customers for A&F. abercrombie and fitch soon became the largest sporting goods store in the world. Ezra Fitch retired and in 1977, the store went bankrupt. After a few owners, A&F was bought by Limited Inc. in 1988.
Today abercrombie and fitch is a successful company. Their image has drastically changed throughout the years from a store for outdoorsman to the advertising of naked teenagers. The company also publishes the A&F quarterly, which is not just selling clothes, it is selling a lifestyle.
Abercrombie & Fitch July Same-store Sales
In this recession, there are struggling apparel retailers all across the country. Then there's Abercrombie & Fitch. The upscale teen retailer has suffered 10 straight months of double-digit same-store-sales declines. In the second quarter of 2009 alone, sales were down an eye-popping 30% across the company's three name outlets: the flagship Abercrombie brand, which has 567 stores; Hollister, a 520-store teen chain; and Ruehl, a 29-store chain for young adults that Abercrombie shut down in June. Abercrombie & Fitch lost $26.7 million, which includes $24.4 million in charges associated with the closing of Ruehl, in the second quarter. During the same period in 2008, Abercrombie scored a $77.8 million profit. "Abercrombie has mismanaged this economic downturn more than any other retailer," says Britt Beemer, CEO of America's Research Group, a retail consulting firm. (See TIME's photos of stores that are no more.)
What lessons can be learned from the Abercrombie experience? The first has to do with pricing. As the economy spiraled downward and competitors like Aéropostale started discounting like crazy, Abercrombie refused to lower prices. The company insisted that price-cutting would cheapen the cachet of the brand.
You would figure that discounting would provide goodwill and build customer loyalty, especially in lean times. After all, with more grateful customers in tow, wouldn't the company be in a great position to ride the upswing associated with an economic recovery, raising prices again when times get better? (See TIME's photos: the Mall of America landscapes.)
Not necessarily, say consumer experts. "According to various research findings, a company will have a tough time increasing prices once they've lowered them," says C.W. Park, a marketing professor at the University of Southern California and editor of the Journal of Consumer Psychology. "Shoppers start to think the discounts are the base prices, and you risk alienating the shoppers if you raise them. Logically, you'd think that consumers would appreciate the lower prices and be understanding when they go back up. It doesn't always work that way."
But even if Abercrombie could justify holding firm on price, it did little else to entice customers. "If you provide interesting incentives, you can minimize losses while maintaining the luxury image," says Park. "Offer milk and cookies in the store. Anything."
He points to the Four Seasons hotel chain, which still charges premium prices for its rooms but started offering deals that let you buy a two-night stay and get a third one free. The hotel, in effect, is lowering its prices. But when things improve, it will be easier for consumers to accept the end of the free-room deal than a sudden spike in prices. We know you can't give away rooms, but how can you jack prices up another $30? Although Abercrombie holds seasonal clearance sales, it shuns such regular promotions.
Abercrombie is having other problems. "They were the quintessential American prep brand, but the world changed on them," says Edward Yruma, an equity research analyst at KeyBanc Capital Markets. "We're living in the Gossip Girl era, where we're seeing some funkier fashions." Abercrombie's classic look went out of style, and the company is just starting to sell dresses, which have performed well. "I've noticed that my kids aren't open to anything Abercrombie these days," says one mother of two teenage girls.
After releasing second-quarter earnings on Aug. 14, abercrombie and fitch CEO Mike Jeffries admitted that the company missed some spring fashion trends. He said he plans to cut prices more aggressively. (The company did not respond to an interview request.) He might also want to change the Abercrombie vibe, which seems pretty tone-deaf to the times. At the New York City Abercrombie & Fitch store, whose neighbors include Prada and Gucci, a shirtless male model greets shoppers at the front and happily snaps pictures with the gawkers. Sales associates dance to hip-hop music in the aisles. There's not one "For Sale" sign in the whole four-story place. A pair of men's ripped jeans go for $90; women's jeans are $80; a hooded sweatshirt with the abercrombiea and fitch
logo is $60.
logo is $60.
Meanwhile, at the New York City Aéropostale, whose neighbors include J.C. Penney, no one is shirtless but everything is on sale. No half-nude model greets you at the front door, but a guy barking "Buy one pair of women's jeans, get another free" does. Sales associates don't dance; they tell you deals. Ripped jeans are $30; women's jeans sell for $49.50 (plus the freebie pair); the Aéropostale hoodie is $15, or a quarter of Abercrombie's price.
Think it's a coincidence that while Abercrombie's second-quarter profits fell 134%, Aéropostale's are up 83%?
When and if the economy heats up again, perhaps shoppers will return to the so-called aspirational brands like abercrombie and fitch. But don't bet on it. "Retailers don't realize that consumers are spending less and doing O.K. with it," says Beemer. According to Beemer's research, only 40% of men and 20% of women say they'll spend at high-end apparel stores again. "Abercrombie keeps working to protect their brand," says Beemer. "But when you keep seeing 30% sales declines, you're going to protect your brand into oblivion."
See TIME's "25 People to Blame for the Financial Collapse."
2009年9月7日星期一
The Look Of Abercrombie & Fitch
(CBS) Before this year's holiday sales begin, Correspondent Morley Safer has a look at a story that rocked the world of retail last year.
abercrombie and fitch was charged with racial discrimination. And the once venerable clothier, which outfitted everyone from Teddy Roosevelt to JFK, has undergone a makeover. Here's his original report:The image of abercrombie and fitch is now party-loving jocks and barenaked ladies living fantasy lives.
But all that fair hair and skin has made it a juicy target. It's being taken to court, accused of racial discrimination in their hiring. Does Abercrombie's all-American look exclude some Americans?
"All-American doesn't mean all-white," says Jennifer Lu, a student at University of California, Irvine, and a former salesperson at a Costa Mesa, Calif., store. Lu and several other young people say they couldn't get a job, or were fired because their look was not consistent with the store's look.
What exactly is the Abercrombie & Fitch look?
"It's dominated by Caucasian, football-looking, blonde-hair, blue-eyed males; skinny, tall," says Lu. "You don't see any African-Americans, Asian-Americans, and that's the image that they're portraying and that they're looking for."
Liu says she was fired after corporate officials visited the store, and, according to her, didn't like what they saw: "A corporate official had pointed to an Abercrombie poster and told our management at our store, 'You need to have more staff that looks like this.' And it was a white Caucasian male on that poster."
Anthony Ocampo says blacks, Asians and Latinos were sometimes hired by abercrombie and fitch, but weren't given the opportunity to work in sales. "The greeters and the people that worked in the in-season clothing, most of them white, if not all of them, were white," says Ocampo. "The people that worked in the stock room, where nobody sees them, were mostly Asian-American, Filipino, Mexican, Latino."
abercrombie and fitch hires a disproportionately white sales force, favors white employees for the best positions, and discourages minorities from even applying for jobs. But lawyer and conservative talk show host Larry Elder says too often cases like these end up in court.
"Abercrombie & Fitch ought to have the right to set their own policies, for good or for ill. Look, there's a restaurant called Hooters. Hooters requires you to have certain kinds of physical accoutrements," says Elder. "Will that do? And I think people understand that. Should they have a right to hire waitresses because they want to attract a certain kind of clientele who want to ogle at the waitresses? I think so."
But the young people who are suing say all that's irrelevant. They say companies like Abercrombie need to be reminded what being American is all about.
2009年9月6日星期日
The History of Abercrombie and Fitch
Abercrombie & Fitch began in 1892 under the name David T. abercrombie and fitch. It was a small waterfront shop and factory in New York City. The founder, David Abercrombie, was a former trapper, prospector, topographer, and railroad surveyor. His love for the great outdoors influenced his store, abercrombie and fitch., and was dedicated to camping, fishing, and hunting gear. His clientele consisted mostly of hunters and explorers. Ezra Fitch, a lawyer in New York crossed paths with Abercrombie & Co. in his search for outstanding outdoor gear. In 1900 Abercrombie became Abercrombie & Fitch and Ezra became a partner.
Long arguments formed between the two men regarding the future of Abercrombie & Fitch. abercrombie and fitch wanted to continue selling gear to professional outdoorsmen, while Fitch wanted to focus the store on the general public. abercrombie and fitch resigned in 1907 leaving the store in the hands of Ezra Fitch. Fitch wanted the store to have an outdoor feeling. He set up a tent in the middle of the store, and a campfire blazed in a corner. The clerks hired at A&F were not professional salesmen, they were true outdoorsmen. Inventory expanded as did the store. A&F became the first store in New York to supply such clothing to women as well as men. A&F began publishing a magazine which contained 456 pages of outdoor gear and clothing. Now there were 50,000 prospective customers for A&F. Abercrombie & Fitch soon became the largest sporting goods store in the world. Ezra Fitch retired and in 1977, the store went bankrupt. After a few owners, A&F was bought by Limited Inc. in 1988.
Today Abercrombie & Fitch is a successful company. Their image has drastically changed throughout the years from a store for outdoorsman to the advertising of naked teenagers. The company also publishes the A&F quarterly, which is not just selling clothes, it is selling a lifestyle.
2009年9月3日星期四
Analyst upgrades Gap, Abercrombie
An analyst on Monday upgraded apparel retailers Gap Inc. and abercrombie and fitch., citing expectations of future improvement despite anticipating weak July same-store sales from most retailers when they report on Thursday.
Barclays Capital analyst Jeff Black forecast sales in stores open at least one year, a key retail metric known as same-store sales, will fall 5.2 percent for the industry overall in July. That compares to a 5.1 percent drop in June.
"We expect July sales to come in worse than the previous month in part because 10 states have shifted their tax-free shopping periods to later in August," Black wrote in a note to investors. That could hurt same-store sales by as much as 2 percentage points, he estimated.
abercrombie and fitch has reported weak same-store sales over the past year as it has stuck to relatively high price points amid the recession. Black said it should see its same-store sales improve, although he still predicts a 23 percent drop, as shoppers pick up back-to-school items.
Results should be helped by improved results at the chain's surf-themed Hollister offshoot, Black said.
Longer term, Black said he expects abercrombie and fitch should begin to get more revenue from international flagship stores beginning in the fourth quarter. Also, lower cost-of-goods in 2010 should help the company lower opening price points, Black said. He upgraded the stock to "overweight" from "equal weight."
He also upgraded Gap to "overweight" from "equal weight," based on merchandise improvement and likely improvement at its Old Navy stores by the December holiday season.
He expects same-store sales to fall 8 percent in July, helped by better results from Old Navy.
Gap shares rose 88 cents, or 5.4 percent, to close at $17.20 on Monday. Shares have traded between $9.41 and $20.80 during the past 52 weeks.
abercrombie and fitch shares rose $1.47, or 5.1 percent, to $30.06. The stock has traded between $9.41 and $20.80 over the past year.
2009年9月2日星期三
Abercrombie & Kent announces 15 Extreme Adventures for 2010
As hectic and demanding as most people’s daily lives are, each person deals with it in their own way: some choose to retreat while others charge forward, in pursuit of a life-altering experience to focus the mind and renew the spirit. This inspiration is often revealed through a challenge of some sort to one’s physical, emotional or psychological capabilities — or in the case of Abercrombie & Kent’s Extreme Adventures, all three.
“I’ve learned that the glories of professional and social success can’t compare to the rush of achieving personal quests against nature,” says Geoffrey Kent, Founder, Chairman and Chief Executive Officer of abercrombie and fitch. “We designed these itineraries to provide modern-day adventurers with an opportunity to conquer nature instead of the boardroom – a rare experience that will transform their belief of what is truly possible, of the obstacles they can overcome.”
And now the reward is even greater as Abercrombie & Kent has redesigned Extreme Adventure itineraries to further enhance these ultimate experiences. Some itineraries such as Egypt: Traces of Lost Civilizations are shorter and more focused for limited vacation time while others such as Nepal: Ascent to Everest Base Camp have been lengthened to allow for premium altitude acclimatization and a deeper immersive experience.
CONTACT abercrombie and fitch.
Detailed day-by-day itineraries can be found at www.akextremeadventures.com with new trips added as new opportunities for adventure become available. But sometimes it’s the minute-by-minute challenges and triumphs experienced on an Extreme Adventure that count. “Notes from the Field” delivers this with personal narratives written by travellers about their experiences. Last month, expedition member L. Craig Smith shared his vivid images and stories from Norway: On the Trail of the Polar Bear (March 21-30, 2009). As new challenges are met, compelling first-hand accounts will be updated on the website.
When you find yourself at the ends of the earth, you want exceptional experience, knowledge, skills, support and reputation at your back. Bringing nearly a half-century’s experience of satisfying the world’s most discerning travellers, Abercrombie & Kent has a heritage unmatched in the travel industry.
Successfully managing the risk inherent in adventure travel is only possible with the most capable and experienced guides in the world. Abercrombie & Kent’s guides are the best in their fields, sensitive to each traveller’s capabilities and ready to motivate in the most challenging conditions. A small group size – no more than 6-8 – ensures that the guides can focus on each individual, in addition to allowing the group to move quickly and limiting the impact on the environment.
Abercrombie & Kent’s pioneering tented safaris were born from an insatiable desire to consistently deliver journeys that defy all expectations and with Extreme Adventures A&K comes full circle. The first Extreme Adventure set out in the fall 2008 with a trek 1,500 feet below sea level, following in the footsteps of Lawrence of Arabia through Jordan’s uninhabitable desert. 2009 began with a journey to one of the harshest environments in the world, the Arctic Circle, to track one of nature’s fiercest predators, the polar bear. But it was the allure of thin air – treks to Everest Base Camp and the newly-reopened Lemosho Route to summit Mount Kilimanjaro - that proved to be the most requested.
Desert Expeditions
Egypt - Traces of Lost Civilizations: Brave the Western Desert, a vast region filled with rock carvings thousands of years old and otherworldly chalk formations. Eleven days from $5,975.
Jordan - Following in the Steps of Lawrence of Arabia: Traverse the same sands as T. E. Lawrence and living in desert camps as he and his Bedouin allies did. Eleven days from $7,990.
Extreme Safari
Kenya - Unchartered Frontiers: Experience Kenya on an adventure safari worthy of Hemingway as you explore by vehicle, on foot and on camelback. Eleven days from $9,955.
Tanzania - The Selous on Foot: Camp in Africa’s largest game reserve, exploring the remote, wildlife-rich wilderness from the Rufiji River to the open plains. Eleven days from $10,899.
Zambia – River & Walking Trails: Venture deep into the bush, relying on canoes and your own feet to bring you within breathtaking distance of Zambia’s wildlife. Eleven days from $8,390.
Mountain Trekking
Mount Kilimanjaro - Lemosho & the Western Breach: Trek the least-travelled and most-scenic route to the summit of the tallest freestanding mountain in the world. Twelve days from $6,845.
Nepal - Ascent to Everest Base Camp: 18,000 feet up the face of Mount Everest lies Everest Base Camp, the last stop for expeditions on their way to the summit. Twenty days from $5,590.
Man & Machine Extreme
South Africa & Botswana - Seeking the Ultimate Thrill: Experience a different side of South Africa on this adrenaline-packed adventure. Twelve days from $11,950. To the Edges of the Earth
Antarctica – An Audience with Emperors: Fly over the continent of ice to camp within 50 feet of the nesting area of as many as 3,300 Emperor Penguin chicks. Price TBD.
Norway – Dog Sledding in the Arctic: Mush your own dog sled team through miles of untouched Arctic wilderness. Nine days from $9,655.
Norway – On the Trail of the Polar Bear: A remote camp set up for you on the pack ice is your base for four days of tracking and observing polar bears. Eleven days from $13,995.
The South Pole – Conquering the Final Degree: Ski the last 70 miles of unforgiving landscape to the South Pole, where few in history have ever set foot. Price TBD.
Undersea Adventures
Belize – River & Rainforest: Explore the rainforests of Belize via riverboat, ATV and on foot to track the elusive jaguar and puma. Eight days from $6,995.
Belize – Diving the Blue Hole: Dive more than 100 feet down to investigate the mysteries of what appears to be a vertical hole deep in the ocean. Six days from $5,485.
From the polar ice caps to the African deserts and all points between, which of these adventures will challenge and inspire you in 2010? Go to www.akextremeadventures.com for detailed itineraries, expedition maps and “Notes from the Field” or call 800 554 7094 to speak with an expedition expert.
2009年9月1日星期二
Abercrombie & Fitch moves to 2Q loss
A chastened abercrombie and fitch. said Friday it is actively lowering prices and trying to catch up with fashion trends such as dresses as the retailer reported a fiscal second-quarter loss and its third straight quarter of double-digit sales declines.The preppy teen retailer entered the recession determined to wait it out, maintaining its relatively high prices and investing internationally. But consumers have abandoned abercrombie and fitch for lower-priced options such as Aeropostale Inc. and American Eagle Outfitters Inc.
In response, the company has cut jobs and shuttered its even higher-priced Ruehl chain aimed at 20- and 30-somethings.
CEO Mike Jeffries said the company made a misstep with Ruehl.
"The biggest learning from Ruehl is that as a company, we don't do 'mature' well," Jeffries said in a conference call with investors.
Jeffries said the company has introduced lower prices and will lower prices even more in coming quarters.
"We continue to be confronted with very challenging conditions during the second quarter," Jeffries said. "Consumer spending patterns domestically continue to be dictated by cost and value propositions, and this is clearly a headwind for our premium brands."
In the quarter ended ended Aug. 1, abercrombie and fitch loss totaled $26.7 million, or 30 cents per share. That compares with profit of $77.8 million, or 87 cents per share, a year ago.
Quarterly results included $24.4 million in charges for the Ruehl closing and store asset impairment charges. The company would not provide a per-share loss excluding the closure. However, Thomas Weisel Partners analyst Liz Dunn estimated the loss excluding one-time items would be about 8 cents per share.
Analysts forecast a loss of 7 cents per share. Analyst estimates typically exclude one-time items.
Sales dropped 23 percent to $648.5 million, but that topped analyst expectations of $646.5 million.
New Albany, Ohio-based Abercrombie & Fitch Co., which operates of namesake stores as well as abercrombie, its children's apparel brand; surf-themed Hollister; and intimate apparel store Gilly Hicks, said sales in stores open at least one year, a key retail metric known as same-store sales, dropped 30 percent. Same-store sales fell 27 percent at namesake stores, 29 percent at abercrombie stores, 33 percent at Hollister and 31 percent at Ruehl.
Known for preppy offerings such as jeans and polo shirts, Abercrombie said it is working to improve its fashion offerings, particulary for women. Dresses and belts have been selling well.
"We are always pushing ourselves ... but have admittedly missed some of the fashion opportunities that drove the business in the spring," Jefferies said.
Prices are also in flux. The company said the average prices will be lower in the third quarter and upcoming quarters than the second quarter.
"We are planning to deliver greater reductions in (average unit retail price) for the fall season, but we'll continue to review pricing on an ongoing basis," Jefferies said.
The company slashed marketing, general and administrative costs during the quarter, down 19 percent to $88.7 million from $109 million last year.
The closing of Ruehl, its store focused on handbags and other accessories and aimed at older shoppers, should be complete by the end of the fiscal year.
Jeffries said the company's Gilly Hicks intimate apparel brand, which was skewing older, will now be aimed at the company's 20-year-old target market.
"We are young, we're sexy, we're controversial at times," Jeffries said. "That's what we know how to do, and that's the business that we own here and are comfortable that we can around the world."
Abercrombie had "pretty decent results, better than we expected," said Keybanc Capital Markets analyst Ed Yruma. "They're getting traction on changes in their promotional strategy, including being more focused on denim and on opening price points."
Shares rose 99 cents, or 3 percent, to $33.95 during morning trading.
订阅：
博文 (Atom)