Drapers - Abercrombie & Fitch full-year sales up


Full-year working revenue for the Ohio-based enterprise, which owns manufacturers Abercrombie & Fitch and Hollister, grew 15% 12 months on 12 months to $740.8m (£575.7m).

Web gross sales at Abercrombie & Fitch’s EMEA division, led by London-based managing director Scott Clarke-Bryan, elevated 12% 12 months on 12 months to £770m (£599m) within the 52 week interval.

The EMEA division was the second-fastest rising international phase after the Americas, which noticed web gross sales leap 17% to $4bn (£3.1bn).

Final month, Drapers completely revealed that Abercrombie & Fitch is seeking to double its UK excessive road presence by opening between eight and 10 new shops by the top of 2025.

Double-digit web gross sales and working revenue development have been fueled by a robust pre-Christmas peak buying and selling interval and the enterprise expects 2025 gross sales to extend within the vary of three% to five% 12 months, beneath the 6.8% enhance predicted by London Inventory Trade Group (LSEG).

Abercrombie & Fitch CEO Fran Horowitz stated: “We enter fiscal 2025 with extremely related manufacturers, an agile playbook, and a motivated international workforce pushed by a tradition of innovation and development.

“Our expectation in 2025 is to construct on the previous two years of excellent outcomes and once more ship worthwhile development whereas strengthening our manufacturers and working mannequin.”