Abercrombie

Abercrombie and Fitch sales hit $1.1bn in Q1

Abercrombie and Fitch has reported that first quarter sales have risen by 8% to $1.1bn (£817m) sales in the period ended 4 May.  The company saw sales growth across all regions, with Americas up 7%, EMEA up 12% and APAC up 5%. The performance was mostly led by Hollister, which…

Read More »

Today’s news in brief-6/3/25

Pepco Group is considering the sale of Poundland as part of a strategic shift to focus on its Pepco brand, which drives the majority of its earnings. Despite a 1.5% increase in group like-for-like sales in early 2025, Poundland has struggled with declining performance, exacerbated by a challenging UK retail…

Read More »

Abercrombie and Fitch sales rise 16% amid modest 2025 expectations

Abercrombie and Fitch has revealed that its net sales increased 16% to $4.95bn (£3.85bn) for the year ended 1 February 2025. It comes as the clothing retailer also saw its operating income rise 15% year-on-year to $740.8m (£575.5m). Despite this, the company has set modest expectations for 2025 as it…

Read More »

Today’s news in brief-29/10/24

The British Retail Consortium (BRC) has urged the chancellor to prioritise keeping prices low as shop price deflation reached 0.8% in October, marking its lowest rate since August 2021. Food inflation also eased, with fresh food and ambient food prices falling. BRC’s CEO Helen Dickinson stressed that although this trend…

Read More »

Abercrombie & Fitch and Hollister UK profits triple in FY24

The owner of Abercrombie and Fitch and Hollister in the UK has seen pre-tax profits triple in its full-year results, as profits rose to £9.8m, up from £3.2m the prior year.  According to recent filings on Companies House, owner AFH Stores UK also reported that revenues hit £213m in the year…

Read More »

Today’s news in brief-30/5/24

Marks & Spencer (M&S) has appointed Alison Dolan as its new chief financial officer, succeeding interim CFO Jeremy Townsend, who will remain until May 2025. Dolan, currently the CFO at Rightmove, brings extensive experience from roles at News UK and Sky. M&S CEO Stuart Machin praised Dolan’s background in fast-paced,…

Read More »

Abercrombie and Fitch Q1 sales surge to $1bn

Abercombie and Fitch has reported a 22% increase in net sales to $1bn (£787.3m) for the first quarter ended 4 May 2024. The American retailer said the positive growth marks the highest first quarter net sales in company history. The group also saw its Q1 operating income climb to $130m…

Read More »

Today’s news in brief-20/3/24

UK inflation dropped to 3.4% in February 2024, surpassing economists’ expectations of 3.5%. This decline was mainly attributed to easing food inflation. The prices of bread and cereals rose slightly by 0.3% compared to a significant increase of 2.3% in the previous year, contributing to the overall decrease in food…

Read More »

Abercrombie & Fitch signs agreement for new Oxford St store

Abercrombie and Fitch has signed an agreement with global real estate group, Hines, that will see it open a new store on Oxford Street. The fashion retailer signed a multi-year lease on the entire retail space at 325 Oxford Street, which covers two floors in the mixed-use retail and office…

Read More »

Today’s news in brief-8/3/24

Superdry has partnered with restructuring firm Teneo to explore cost-saving measures amid financial struggles. With a reported revenue decline of 23.5% in the first half of the year to £219.8m, Superdry is considering options such as a company voluntary arrangement (CVA) or restructuring plan to navigate the challenging retail market.…

Read More »