Abercrombie
This coverage examines Abercrombie and Fitch’s strategic evolution and performance within the UK retail sector. Reporting highlights its expansion plans to double UK store presence by the end of 2025, digital transformation efforts under the ‘Always Forward Plan’, financial performance including a 16% increase in net sales reaching $4.95bn (£3.65bn), and leadership initiatives aimed at brand repositioning. Insights are tailored for retail executives, brand managers, and professionals monitoring apparel retail, omnichannel strategy, and brand revitalisation.
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Mar- 2024 -8 MarchClothing & Shoes
Abercrombie and Fitch sales hit $4.3bn in FY23
Abercrombie and Fitch has reported net sales of $4.3bn (£3.4bn) for the full-year ending 3 February, up 16% as compared to last year. Throughout the year, Abercrombie brands finished with a 27% net sales growth to $2.2bn (£1.7bn) compared to $1.7bn (£1.3bn) in 2022, reflecting a 10% compound annual growth…
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Jan- 2024 -2 JanuaryNews
Babbico appoints former Mothercare head as new CEO
Baby clothing retailer Babbico has appointed former CEO of Mothercare, Dan Le Vesconte, as CEO, with effect from 1 January 2024. Le Vesconte stepped down from his previous role as CEO of Mothercare in June 2023. Prior to Mothercare, Le Vesconte held senior roles at Abercrombie & Fitch as GVP…
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Aug- 2023 -24 AugustClothing & Shoes
Abercrombie & Fitch raises guidance as Hollister brand boosts sales
Abercrombie and Fitch has increased its full-year outlook ranges on sales and operating margin after its Hollister brand helped boost company net sales 16% to $935m (£737m) during the three months ended 29 July 2023. The company said the results were driven by Abercrombie brands, up 26%, and its Hollister…
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Jul- 2023 -18 JulyNews
Hollister and Gilly Hicks open at Liverpool ONE
Hollister Co, the global teen retailer division of Abercrombie & Fitch, has recently opened at Liverpool ONE featuring an updated store design concept. The store opening sits alongside sister brand Gilly Hicks, giving the brand an expanded footprint and first dedicated storefront at Liverpool ONE. Located on South John Street,…
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Jun- 2023 -9 JuneHigh Street
Mothercare CEO steps down after five months
Mothercare CEO Daniel Le Vesconte has stepped down from his role with immediate effect after only five months. Vesconte joined Mothercare from Abercrombie and Fitch in January after having roles at Airwair International, owner of Dr Martens and Vans. He was the first CEO of Mothercare since 2020 after covid…
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6 JuneNews
Wolverine Worldwide makes three new leadership appointments
Wolverine Worldwide, which operates one of the world’s largest portfolios of lifestyle and footwear brands, has announced several senior leadership appointments to help drive future growth and accelerate its global brand-building efforts. The company is naming Chris Hufnagel president of Wolverine Worldwide, responsible for leading and driving strategy across the…
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May- 2023 -25 MayNews
A&F sales hit $836m in Q1
Abercrombie and Fitch has reported a 3% increase in net sales to $836m (£675m) for the first quarter of 2023. The retailer’s signature brand, Abercrombie, reported $436m (£352m) in net sales while Hollister reported $399m (£322m). Gross profit for the retailer was $509m (£411m), compared to $449m (£362m) for the…
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Nov- 2022 -24 NovemberDepartment Stores
Mothercare appoints new CEO as profit and sales stall
Babywear retailer Mothercare has announced the appointment of Daniel Le Vesconte as group CEO as it revealed a period of tough trading for the half year up to September 2022. Le Vesconte will start his new role in the new year and brings with him a wealth of experience. He…
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Aug- 2022 -26 AugustClothing & Shoes
Abercrombie lowers sales forecast amid Hollister pressures
Abercrombie and Fitch Co. has lowered its sales forecast for FY22, with sales expected to be down mid single-digits from $3.7bn (£3.1bn) in FY21, compared with the previous outlook of flat to up 2%. Its sales forecast for the third quarter (Q3) has also lowered to high single-digits at $905m…
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Jun- 2022 -23 JuneHigh Street
Gilly Hicks to open new store in Carnaby
Gilly Hicks, a brand in the Abercrombie and Fitch portfolio, has announced the opening of its new store located at 39 Carnaby Street, in the heart of London’s busiest shopping district. The new store opening is a part of the brand’s growth strategy, which includes an “expanded product assortment, digital…
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