• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    A&F Closed 62 Stores In The US Last Year

    2014/12/15 21:09:00 20

    Women'S WearA&FMen'S Wear

    However, due to its bad performance, A&F recently announced its announcement before the US stock market. Its CEO and board member Mike Jeffries retired and the decision came into force immediately.

    News prompted the A&F stock price rose 7.8%.

    According to the financial report, in the third quarter ended November 2nd, the overall sales of A&F group fell by 12% to 911 million 400 thousand US dollars, lower than the expected US $916 million after the market cut. The adjusted net profit dropped by 25% to 30 million 400 thousand US dollars due to the decrease in the number of people in the mall and the increase in discounts, while the same store sales decreased by 10%, of which the US market dropped by 7% and the international market fell by 15%.

    "Continued weakness in store traffic, especially in the European market, shows signs of slowing down. This is the reason for the disappointing third quarter results. In addition, the decline in sales of A&F logo products is also causing pressure on the company. The company will continue to reduce such products to meet consumer demand."

    A&F when he was appointed

    Chief executive officer

    Mike Jeffries indicates.

    This is one of A&F's consecutive poor performance reports.

    As of February 1, 2014, the A&F group's total revenue in the fourth quarter of fiscal year decreased by 12% to $1 billion 300 million, and net profit shrank from $157 million 200 thousand in the 2012 fiscal year to 66 million 100 thousand US dollars.

    At the beginning of this year, under the open pressure of radical investor Engaged Capital LLC, A&F group had to make a series of personnel changes. First, the group announced that the chairmen and CEO positions would be separated, and Michael Jeffries would no longer serve as chairman of the board.

    Since then, Engaged Capital LLC has been forcing the A&F group to reorganize its board of directors, replacing four former independent directors with retail and costume experience.

    Founded in 1892 in A&F, New York, it has a total of Abercrombie & Fitch, Abercrombie Kids, Hollister and other sub brands.

    Men's wear

    Women's clothing, children's clothing and other products, located in the University consumer group, is the American leisure clothing brand.

    Today, the clothing brand that has been most popular among American teenagers is being attacked by the fast fashion brands such as H&M, Forever 21, Zara, and the change of consumption habits such as e-commerce.

    In comparison, H&M, the world's second largest garment retailer, announced that the third quarter results as of the end of August showed a 21% to 38 billion 805 million Swedish Kron ($5 billion 420 million) in the period of tax revenue, and third Swedish Kron ($740 million), with an annual growth of 20%.

    "No matter in terms of design or price, A&F and other traditional youngsters.

    Clothes & Accessories

    No way to compete with fast fashion brands. "

    A garment industry insider told the first Financial Daily reporter that he had to face pformation.

    In addition to personnel adjustment, A&F's pformation strategy also includes plans to "increase" the group's A&F brand of its namesake brand, and is ready to create new product classification, market planning and price positioning for older consumer groups. At the same time, it will pform its brand Hollister into a fast fashion brand. At the end of January this year, Arthur Martinez, who just took over as chairman of the board of directors of the group, said it was discussing with suppliers to establish a fast response supply chain.

    In addition, A&F also plans to improve the business of product classification, procurement and inventory.

    For Mike Jeffries retirement,

    A&F

    The group said in a statement that the board has hired headhunting companies to identify Mike Jeffries successors from within and outside the group.

    The group's former non executive chairman, Arthur Martinez, will become the executive chairman and lead the team in charge of the daily operation of the group until the new chief executive takes office.

    Last year, the company closed 62 of its stores in the United States, including 16 Hollister stores.

    It is reported that A&F group will be the same year as a whole store sales decline expected from the former 3%~4% to 4%~6%, and is expected to close 60 stores in the financial year.

    • Related reading

    Textile Enterprises Willing To Replenishment Is Generally Not Strong.

    Enterprise information
    |
    2014/12/15 18:11:00
    18

    Roley Home Textiles Acquisition Of The Network To Expand Industrial Channels To Enter The Electricity Supplier

    Enterprise information
    |
    2014/12/15 15:16:00
    30

    Seven Wolves And Fun 3D Fitting Cooperation

    Enterprise information
    |
    2014/12/13 23:11:00
    25

    Permira Reduce Hugo Boss Shareholding Ratio

    Enterprise information
    |
    2014/12/13 17:59:00
    27

    Boston London Flagship Store Opened For A Year Without Profit Or Publicity?

    Enterprise information
    |
    2014/12/13 17:37:00
    30
    Read the next article

    Viewpoint: Increasing Brand Building And Platform Building

    At present, the development of clothing in Zhuzhou is faced with opportunities and challenges. Despite some difficulties, it is also a difficult step forward. In order to constantly adapt to the changing new situation, the market management should take the initiative, and from the property management level to the deep level service, the golden emperor market has made beneficial practice in this aspect.

    主站蜘蛛池模板: 日本在线视频www色| 好看的国产精彩视频| 亚洲av产在线精品亚洲第一站 | caoporm在线视频| 手机1024看片| 久久精品五月天| 欧美一级特黄乱妇高清视频 | 香蕉网在线播放| 国产精品天干天干综合网| a免费毛片在线播放| 岛国片在线观看| 中文字幕在线视频在线看| 日本精品一区二区三区视频| 亚洲av无码精品色午夜果冻不卡| 欧美精品国产一区二区| 亚洲视频在线观看免费视频| 精品久久久中文字幕| 唐人电影社欧美一区二区| 西西人体www高清大胆视频| 国产成人精品cao在线| 亚洲精品老司机| 国产精品情侣呻吟对白视频| 91短视频在线免费观看| 在线播放第一页| av免费不卡国产观看| 女人与狥交下配a级正在播放| 丁香狠狠色婷婷久久综合| 成年女人18级毛片毛片免费观看| 久久九色综合九色99伊人| 日韩精品久久久久久免费| 亚洲一区二区影视| 欧美交a欧美精品喷水| 亚洲国产综合精品| 欧美日韩国产精品| 亚洲欧洲视频在线观看| 污污动漫在线观看| 亚洲精品中文字幕乱码三区| 波多野结衣一区在线观看| 亚洲精品国产高清不卡在线| 波多野结衣同性女恋大片| 亚洲综合久久精品无码色欲|