Abercrombie and Fitch

National chain of mall-based clothing stores.

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Headquarters: 6301 Fitch Path
New Albany, OH 43054
Employees: 9,000
Chairman: Arthur Martinez
Stock Symbol: ANF

Website: http://www.abercrombie.com

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Abercrombie & Fitch Co. is a leading specialty retailer encompassing three brands - Abercrombie & Fitch, abercrombie kids and Hollister Co. The merchandise is sold in retail stores throughout the United States and through catalogs.

The Company operates a total of 969 stores in the U.S and several countries.

Stores feature clothing for both men and women and aimed at a younger college audience between the ages of 18-22. Abercrombie is known for its sexy advertising and racy catalogs.

Net sales for fiscal 2014 decreased 9% to $3.744 billion and net income was $54.6 million.

Net sales by brand for the full year were $1.450 billion for Abercrombie & Fitch, $321.4 million for abercrombie kids and $1.948 billion for Hollister. Comparable sales by brand, including direct-to-consumer, decreased 4% for Abercrombie & Fitch, decreased 7% for abercrombie kids, and decreased 10% for Hollister.

During fiscal 2014, the Company opened seven international Hollister chain stores, three international Abercrombie & Fitch chain stores, including its first in the Middle East, and opened a Hollister chain store and an abercrombie kids chain store in the U.S. In addition, the Company opened its first Abercrombie flagship store in Shanghai and its first international abercrombie kids flagship store in London. The Company also opened nine outlet stores during the fiscal year, three internationally, in Europe and Asia, and six in the U.S. In addition, the Company closed 52 U.S. stores, including one Gilly Hicks store, seven international Gilly Hicks stores and one Hollister outlet store in Spain.

The Company plans to open 15 full-price stores in fiscal 2015 in the key growth markets of China, Japan and the Middle East and four full price stores in North America. The Company also plans to open 11 new outlet stores in the U.S. In addition, the Company anticipates closing approximately 60 stores in the U.S. during the fiscal year through natural lease expirations.

Founder and CEO Mike Jeffries left the company at the end of 2014.

History

In 1892, David Abercrombie opened his waterfront shop, Abercrombie Co. at No. 36 South Street in Manhattan. In 1900, Ezra Fitch was a regular shopper at Abercrombie and would leave his law practice to become a partner in the store, which had moved to larger quarters at 314 Broadway.

In 1904, the store is incorporated as Abercrombie & Fitch and given an outdoors feel with tents pitched on the floor and a campfire in one corner. Clerks were real outdoorsment dedicated to helping customers.

In 1909, the company's first catalog was published with 456 pages and mailed to 50,000 customers around the world. Sports clothes for women were introduced in 1910.

The Limited Company would buy Abercrombie & Fitch in 1988.

The company would be spun off from the Limited as an independent company and went public on Sept. 26, 1996.

The company closed its chain of Ruehl stores in 2009.

Updated March 4, 2015