As it struggles to woo more 20-something shoppers and faces fast-fashion competition, Abercrombie & Fitch announced plans to close 60 U.S. locations. Omnichannel and DTC were bright spots in a tough Q2, with DTC now representing 23% of sales. See what executives said about efforts to tweak its brand positioning and improve results.
Abercrombie & Fitch Co. announced that it has expanded its existing relationship with Majid Al Futtaim Fashion through a franchise development agreement to establish a retail store presence in the Kingdom of Saudi Arabia, Qatar, Bahrain and Oman.
Singles Day in China – November 11 – was an eye-opener for the naysayers. Alibaba announced that USD $14.3 billion of gross merchandise volume, and JD.com saw its number of orders increase by 130%, and an increase in GMV of more than 140%. Here’s a look at 6 U.S.-based merchants who took advantage of Singles Day 2015 in China, and totally nailed it.
Abercrombie & Fitch announced today that embattled CEO Michael Jeffries is retiring. He will also be retiring as a board member, effective immediately. See what this will mean for the retailer.