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Abercrombie & Fitch – The Authentic American Retailer Reinventing the Fashion Trend
Abercrombie & Fitch is a predominant American casual clothing retailer having its widespread presence worldwide. It majorly focuses on the marketing towards young people especially the college students. Having more than 300 retail outlets in US, it constantly strives for its expansion internationally. The company is aggressively looking for suitable locations to create their franchises at different corners of the world.
Being a public sector holding, the company operates its stores in more than 1049 locations than include 278 in US, 4 in Canada, 2 each in Ontario and Alberta. In a deliberate attempt to expand across global borders, the A&F is currently running 25 full-line retail stores whereas four outlet stores across 16 different nations. Some of its major flagship store locations outside the US comprise London, Paris, Madrid, Germany, Tokyo, Hong Kong, Singapore, Seoul, and Mexico.
Its latest financial status
Besides the major brand concept of Abercrombie & Fitch, the company also has its distinctive subsidiaries namely Abercrombie Kids, Gilly Hicks, Hollister Co. and Ruehl No. 925. Registered under New York Stock Exchange (NYSE), ANF shows a tremendous growth in its gross profit and total revenue that amounts for $2,157,543 and $3,518,680 respectively as on 30th January 2016 according to the analysis of NASDAQ.
Moreover, the report of Market Watch estimates a gross income of 1.93 Billion US dollars in 2015 as compared to $2.09 Billion in 2014, while its net income is 35.58 million this year. This accounts for a net sale of $1,468,643 in the first two quarterly reports if fiscal year 2016. The employees play a key role in ensuring the growth of any company. At present, the overall employee strength of the company is more than 65000.
Having its headquarters in New Albany, Ohio, US, the origin of Abercrombie & Fitch incorporates a long and crazy history. In the year 1892, David T. Abercrombie, a former miner, prospector, railroad surveyor and trapper along with one of his regular customers Ezra H. Fitch, a lawyer by nature laid the foundation stone of Abercrombie and Fitch in New York.
Initially, the company was operating as a reputed outfitter of excursion and sporting goods that later on became a giant leader in the realm of clothing retail. Among the duo, Fitch became the visionary for anticipating broader clientele base worldwide. The hot-tempered nature of both the founders became major cause of several violent and long arguments thereby leading Abercrombie to resign in the year 1907.
However, Fitch continued to operate its functioning under the same brand name with its other partners. The year 1977 marks a big downfall in the history of the company as it became bankrupt and the ownership went under Oshman’s Sporting Goods that further relaunched A&F with greater emphasis on contemporary style sporting goods.
Moreover, The Limited, a renowned clothing chain retailer in Ohio took over the operations of the company from Oshman’s in 1988 and became the largest apparel selling firm in US.
How it operates?
Currently operating its two major off-shoot brands namely Hollister Co. and Abercrombie Kids, the company is still searching for ideal properties on lease to open its franchises globally. If you have appropriate area for store opening and sufficient capital to invest, you can rent you property on lease with Abercrombie & Fitch for term duration of 15 to 20 years.
According to its corporate lease guarantee, you can further extend the lease terms if you want for 20 to 40 years. It also promises to offer an increase of 10 percent in rent after the completion of every 5 years.
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