Total Company net sales decreased 24% to $612.1 million; comparable store sales decreased 30% — Total direct-to-consumer net sales decreased 21% to $49.1 million — Abercrombie And Fitch net sales of $264.7 million; Abercrombie Sale & Fitch comparable store sales decreased 26% — abercrombie net sales of $69.1 million; abercrombie comparable store sales decreased 33% — Hollister Co. net sales of $262.4 million; Hollister Co. comparable store sales decreased 32% — RUEHL net sales of $10.4 million; RUEHL comparable store sales decreased 34% Mike Jeffries, Chief Executive Officer and Chairman of the Board of Abercrombie And Fitch Co., said: “The first quarter was clearly a difficult one for us. With a challenging economic environment, the consumer continues to show a reluctance to spend on premium brands; a price consciousness dictating shopping habits unlike anything I have ever seen. We believe this is a temporary phenomenon but will approach the current conditions with a conservative mindset until we see a clear improvement. This year will be a transitional year for us as we continue to focus our efforts on laying the groundwork for our long term success and prosperity by protecting our brands, preserving cash and pursuing our international growth opportunities.”Fashion
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Chief Executive Officer and Chairman of the Board of Abercrombie And Fitch Co
Saturday, January 16th, 2010Abercrombie and fitch is come back again
Tuesday, January 12th, 2010Youth apparel retailer Abercrombie And Fitch in Ginza, Tokyo, Japan opened up its first Asian store. When the door bell at 11 am, when the threshold of a new flagship store has about 1000 people waiting in a queue waiting to enter.
According to A & F company reported that its first flagship store in Asia in 2009, 12 Yue 15 Ri (Zhouer) opened in the history of the creation of the company’s first day sales record.
Fashion NewsThe store is located in Tokyo’s Ginza district, is the second in 2005 in New York in 2007 and this year in London in October to open flagship stores in Milan, after the successful opening of a store again. The Company believes that the successful opening of the Ginza store is the company’s international expansion strategy, another example. In the opening ago, the brand’s loyal customers begin to line up from 7:00 am to wait. Opening day, there are about 5,000 people to patronize this store.
The company will be held later in 2010 in Fukuoka in Japan to open its second flagship store.
New store covers an area of 10,000 square feet, address, close to the Prada and Salvatore Ferragamo stores. Companies consider the use of at least 4 years in-depth Japanese market. Ginza store Abercrombie And Fitch may be the most expensive ever built one of the flagship store, flagship store in London compared to higher construction costs for 1800-2000 million.
The company spokesman said in Tokyo stores opened for the Abercrombie & Fitch’s global expansion plans in terms of a very important step. Ginza store is the company’s first store in Asia, the company plans to open next year in Fukuoka, Japan, out of a second Asian restaurant. However, the spokeswoman did not disclose more shop program. However, in cooperation with the company’s real estate consulting firm Prod Co. Ltd, said, Abercrombie Sale is Tokyo’s Shinjuku, Omotesando area landfills to find suitable address. Prod Co. Ltd also revealed that, Abercrombie & Fitch also in surveying Nagoya, Kobe and Osaka, the potential stores in Japan next year the company plans to open its first shop in Hollister.
Abercrombie and ficth Stock
Saturday, December 12th, 2009The detect is releasing a new abercrombie and fitch . This laced will be her perfume. Daddy Knowles is open to get A&F close down, we can just feel it.While I passion several perfumes, I port’t found a scent that she is yet to errand my internal sway.”Beyonce lately filed paper use Sasha Fierce has the smell after her adjust-ego Sasha Fierce, because They have filed a grievance stopping Beyonce from baptism the name of her own, not having it. Beyonce announced yesterday that actually personifies me as a woman. A&F.com
with their own line of variety.
abercrombie and fitch (NYSE: ANF) closed yesterday at $35.64. So far the stock has hit a 52-week low of $16.95 and 52-week high of $42.31. Abercrombie and Fitch stock has been showing support around 34.77 and resistance in the 36.75 range. Technical indicators for the stock are and S&P gives ANF a neutral 3 STAR (out of 5) hold rating. ANF appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb ‘10 34 covered call (ANF BL) for a net debit in the $31.74 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 10.94% downside protection and a 7.12% assigned return rate for a 35.12% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the ANF Jan ‘11 15 Call (VNF AC) and selling the Feb ‘10 34 call (ANF BL) for a $17.20 debit. The trade has a 74 day life and would provide 9.65% downside protection and a 10.47% assigned return rate for a 52.00% annualized return rate (for comparison purposes only). abercrombie and fitch has a current annual dividend yield of 1.93%. [ATU-Seven Summits Research]
