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Digital Helps Abercrombie & Fitch To Best Income Performance In Over A Decade

Both the Hollister and Abercrombie brands grew by more than 60%, led by the US business. And with a new brand launched last week, the omens look good. ....

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Abercrombie & Fitch to close its only Singapore store on May 2

Abercrombie & Fitch to close its only Singapore store on May 2
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Abercrombie & Fitch to close its only Singapore store on May 2
The American fashion brand is currently having a closing down sale at its Orchard Road outlet.
Abercrombie & Fitch is closing its Singapore store on Orchard Road on May 2. (Photo: Instagram/abercrombie singapore)
20 Apr 2021 09:18AM
(Updated:
20 Apr 2021 09:20AM)
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American fashion brand Abercrombie & Fitch is closing its only Singapore store on May 2.
The retailer made its announcement in an Instagram post on Monday (Apr 19). No reason was given for the closure, and it directed shoppers to download its mobile app instead. ....

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Abercrombie & Fitch to permanently close Dublin store

A spokesperson for the brand revealed that it won t just be the Dublin branch that won t be reopening but that the brand as a whole wants to concentrate more of its efforts online.
In the last year alone Abercrombie and Fitch has closed 137 shops worldwide and it seems that many more may follow as the brand focuses on becoming a digitally-led business model .
While the brand insists that the closures have more to do with wishing to more all sales online and nothing to do with the success of the physical stores, the Abercrombie and Fitch and its sister brands have seen a steep decline in sales. ....

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Stimulus checks to aid retailers as people buy clothes, eat out

Outdoor dining and home improvement stores will benefit from Americans spending stimulus checks.
Value retailers like Walmart and Dollar General will also benefit, as in the past, Jefferies said.
Past stimulus checks have provided a crucial boost to the economy amid the COVID-19 pandemic.
Retailers and restaurants are poised to see a boost in Americans buying goods if President Joe Biden signs the $1.9 trillion stimulus package, as expected.
Apparel, home improvement, outdoor dining, and travel companies are set to benefit from Americans who receive the extra $1,400 in their bank accounts, analysts at Jefferies said in a Monday note.
After the last stimulus checks in January, retail sales that month saw an 8.9% bump, indicating consumers want to spend the extra dollars, Jefferies said. This time around, the checks, which in most cases are more than twice the amount of January s, could boost sales once again. ....

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Peeking Into Gulfstream Of Abercrombie CEO

OCTOBER 18 When traveling in the corporate jet, the CEO of Abercrombie & Fitch makes it clear that he has stringent requirements for his luxury flights.
Those needs span 47 pages in a remarkable “Aircraft Standards” manual that covers everything from the underwear male cabin staffers
must wear (boxer briefs) to the seating plan for the dogs of A&F chief Michael Jeffries, 68, and his boyfriend Matthew Smith, 49.
Jeffries, who last year was paid $48 million, is pictured at right.
A copy of the manual was recently filed in U.S. District Court in connection with an age discrimination lawsuit brought against the Ohio-based clothing firm by an ex-pilot. The existence of the document was disclosed today by Bloomberg News. ....

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