Tag: Abercrombie

Abercrombie & Fitch and Hollister Ditch the Sexy-Sell in Favor of Laid-Back-Americana

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After another financial results indicating lower than usual sales, troubled teen retailers Abercrombie & Fitch and Hollister have ditched the sexy-sales approach of shirtless, buff guy models, and are moving towards a more laid-back, Americana tone. Like American Apparel moving in the direction of Gap, so too is Abercrombie & Fitch and Hollister having to […]

Wet Seal Closes 338 Stores, Two-Thirds of Company, Lays-off 3,695—Teen Mall Retail Continues to Get Hammered

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Wet Seal is among the many teen retailers mostly sequestered to malls that are not doing well in the last couple of years. Today, January 7, 2015, the hammer fell with the 338 stores to close, which is two-thirds of the company’s stores, and 3,695 employees laid-off. Employees who were laid-off were given a one […]

Abercrombie & Fitch CEO Mike Jeffries Steps Down—Beleaguered Teen Retailer Hustles to Figure Out a New Plan

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The writing was on the wall for Mike Jeffries, CEO of Abercrombie & Fitch, as the teen retailer continued to struggle to re-capture its credibility within the youth marketplace. As of today, December 9, 2014 Mike Jeffries will no longer be the CEO. Jeffries, 70, was also stripped of his chairman roll earlier in the […]

Teen Retailers Need to Get a Clue—Quit Blaming Fast-Fashion, Malls, and Logos for Your Woes

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It’s time to call things out for what they really are when it comes to the demise of certain teen retailers. The “3 A’s” including American Eagle, Aeropostale, and Abercrombie & Fitch have been having a hard time of things for a couple of years, and yet there still seems to be a lack of […]

Abercrombie & Fitch Goes Logo-less—Plus Other Reasons Why Teens Hate Them

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Fashion news this past week has been ridiculously busy reporting on the fact that Abercrombie & Fitch is going to phase out their logos by 2015. Why this is considered such a big deal is beyond us. It simply shows how out of touch Abercrombie (and much of the adult fashion industry) has been for […]

Tough Teen Retail Environment Among Reasons Blamed for Latest Abercrombie & Fitch Decline; New Hollister Storefronts to Roll-out

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On May 29, Thursday, Abercombie & Fitch released their Q1 financials and things looked grim. Results reflected a GAAP net loss of $23.7 million compared to a GAAP net loss of $7.2 million the year before. Mike Jeffries, Chief Executive Officer, said, “In what remains a difficult teen retail environment, we are pleased that earnings […]

Fashion Round-up: New Women’s Surf Brand Amuse Society; Urban Outfitters Launches Denim Label; Abercrombie & Fitch Q4 Down 58%

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Under the direction of Summer Rapp, formerly of Roxy, and Mandy Fry, formerly of Billabong and Volcom, a new women’s surf brand has been named, Amuse Society. The brand is the third brand announced by Stokehouse Unlimited, a conglomerate created by Paul Naude, formerly from Billabong. Stokehouse’s first brand was Vissla, a men’s surf brand […]

Retail Round-up: H&M Sales Up 21%; True Religion’s Massive Lay-offs; Abercrombie To Offer Larger Sizes

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Teen fashion retail has been on a roller coaster ride of economic turmoil these past few months and the holiday season hasn’t been any less smooth. Beleaguered Abercrombie which hasn’t had a profitable month in months, and recently reported Q3 profits down 68.3% continues to get hit with brand backlash, including Change.org who launched a […]

Dismal Q3 Report for American Eagle Outfitters, Indicative of a Changing Teen Retail Landscape

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American Eagle Outfitters reported their Q3 finances December 6, 2013, with dismal results of a drop in profits of 68.3%. Like many teen retailers facing a challenging economic climate and out of tune with the youth marketplace, American Eagle is struggling to figure out what to do. Robert Hanson, CEO stated, “Our financial performance is […]

Abercrombie & Fitch Reports Loss of $15.6 Million—Latest On the Teen Retailer

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Abercrombie & Fitch continues on its rocky road to turn-around, and announced several initiatives at its November 6th meeting. However today, November 21, 2013, the financials came out reporting $15.6 million net loss. Sales were down 11.7% to $1.03 billion from $1.67 billion in Q3 last year. The transfer of Gilly Hicks to their Hollister […]