Teen retailer Abercrombie & Fitch continues with their new plans at streamlining strategies and getting back to a core brand focus by announcing the closure of their Gilly Hicks stores by Q1 of 2014. Gilly Hicks as a brand however, will be relocated online and in their Hollister stores. At the announcement on November 6, […]
Abercombie & Fitch Closes All Gilly Hicks Stores, Moves Brand Into Hollister
Back-to-School Warning Bells for Aeropostale and American Eagle Outfitters Signal Challenges for Youth Culture Retailers
Aeropostale today announced their Q2 financials and once again, show that they are struggling within a challenging climate for retailers. Today’s youth culture demographic is less interested in buying what they have to sell. As we’ve noted in many of this year’s Youth Culture Studies, and our upcoming Sustainability and Fall Youth Culture Studies 2013, […]
Abercrombie Hires Goldman Sachs, Hoping to Keep Relational Investors at Bay—What This Means for Popular Teen Retailer
Whenever we hear that a teen retailer has hired Goldman Sachs Group it usually means there’s big news (or trouble) brewing at the brand. As we reported last month, the popular retail chain has been hit hard recently by off-trend fashion choices especially the heavy emphasis on colorful prep styles, and a variety of other […]
Retail Round-up: Abercrombie Q2 Net Earnings Down 52%; Hollister Takes a Hit; H and M Up 11%, Plan to Make “Oscar-Looking” David Beckham Statues
Moving into back-to-school season, retail within many youth culture segments is looking grim. One of the worst was today’s announcement that Abercrombie & Fitch’s second quarter net earnings fell a dramatic 52% to $15.5 million. Mike Jeffries, Chief Executive Officer and Chairman of the Board of Abercrombie & Fitch Co., said: “The second quarter results […]
European Fashion’s Downturn Effects Abercrombie and Fitch
Abercrombie & Fitch reported unaudited results which reflected net income of $3.0 million for the thirteen weeks ended April 28, 2012, compared to net income of $25.1 million for the thirteen weeks ended April 30, 2011. Mike Jeffries, Chief Executive Officer and Chairman of the Board of Abercrombie & Fitch Co., said: “While we are […]
Retail Round-up: Aeropostale Second Quarter Incurs Big Drops; Gap Net Income Down; Urban Outfitters Sued $28 Million Over Photo of Underage Model
Abercrombie & Fitch Reports 64.4%, but Asks The Situation from Jersey Shore to Stop Wearing Their Stuff
On the day A&F reports incredible net gains, they’ve also come under fire for offering up money for a celeb to not wear their apparel based on image issues.
American Eagle’s 4th Quarter Is Up, But Speculation Surfaces As Target Acquisition and New CEO Prospects Underway
Changing tides for this popular brand indicates shifts in the marketplace for youth retailers overall, as higher costs of cotton and other things are forcing new changes for 2011.
Retail Round-up: VF Announces 11% Increase; Abercrombie and Fitch Announces Increase and More Hollisters; H&M Launches Taps Into Unisex with New AIDS Benefit Collection
Many youth culture retailers are figuring out new ways to stay profitable. Here are the ones on top.