A&F Is Required To Sell Real Estate And Buy Back Shares.

According to the world clothing shoes and hats net, American teenagers Clothes & Accessories Brand group Abercrombie & Fitch Co. (NYSE:ANF), who suffered pressure from investors after losing its sale, was asked by investors to buy shares on Tuesday.

SLS Management LLC, who holds about 0.84% shares of Abercrombie & Fitch Co., criticized the US youth clothing company for failing to actively reverse its downward trend in sales on Tuesday. Therefore, stock repurchase needs to be carried out to boost investor confidence, and Abercrombie Fitch Co. Co. is recommended to return to 30% of stock, or to learn from department stores, sell real estate assets, and sell proceeds to share buyback plans.

Abercrombie & Fitch Co. said it would consider shareholders' recommendations to the board of directors, including SLS, and maintain an active dialogue with shareholders.

Before last week, Abercrombie & Fitch Co. issued a notice announcing that the group ceased to start looking for consultants to conduct potential spanactions in May, and the news of Abercrombie and Fitch Co. Co. fell 21% in July 10th, and the lowest price was 9.51 dollars, a 17 year low.

In a statement, Arthur Martinez, chairman of the group, said that after reviewing all the factors comprehensively, with the assistance of financial advisers, the board decided that the highest way to enhance shareholder value is to implement the business plan of the group.

Since May 10th, for the first time, it has recognized the option to sell, and Abercrombie & Fitch Co. has been riding a roller coaster outside the stock price, and its business has not been substantially improved, although Arthur Martinez continues to advocate the group's multi-channel strategy and fast fashion brand Hollister in its life.

Wall Street and investors' punishment for Abercrombie & Fitch Co. on Monday came from the fact that over the past year, a large number of American apparel retailers have gone bankrupt, while Abercrombie Fitch Co. Co., which is in constant decline and loss, is also considered to be a popular member of the bankruptcy army.

Last week, the high-end cowboy. brand Group True Religion Apparel Inc. has just become a "recruits" in the bankruptcy army. Before that, American Apparel LLC, A E and Inc. were similar to American Fitch LLC, Abercrombie and Fitch Co. business, but all of them were heavily bankrupt.

Two weeks after deciding to sell the intention and contacting potential investors, the market news said that the only remaining American Eagle Outfitters Inc. (NYSE:AEO) of Abercrombie & Fitch Co. and its current 3A 3A youth clothing group were joining the private Holdings Company Cerberus Capital to buy the group.

Abercrombie & Fitch Co. is also one of the iconic companies in the US market. Although it is still in a certain size, it has many potential buyers. In addition to American Eagle Outfitters Inc., the Express Inc. (NYSE:EXPR) and Abercrombie Fitch Co. have been rumored to be potential buyers before, and recently, the private equity fund of the private sector, which is focused on acquiring the bankrupt company, joined the Sycamore.

Although Abercrombie and Fitch Co.'s statement is for shareholders' value, market sources say it is actually buyers who are unwilling to pay for the spanaction. On Monday, when the share price plummeted, the market value of Abercrombie & Fitch Co. was only about $660 million.

According to Reuters, Abercrombie & Fitch Co. announced the termination of the spanaction because Sycamore Partners and its negotiations failed. At the end of last month, Sycamore Partners cost $6 billion 900 million to buy office supplies company Staples Inc (SPLS.O) Staples, which is the largest spanaction in the history of Sycamore Partners, and Sycamore Partners is far from the expected valuation of Abercrombie & Fitch. However, sources say Abercrombie & Fitch Co. may consider restarting the sale deal in the future.

Abercrombie & Fitch's big advertisement in New York

After the deal has failed, Abercrombie & Fitch Co. must consider how to revive the business. Otherwise, the market will not only be able to pay for its expected valuation, but the company may eventually declare bankruptcy as well as many others.

In February this year, the CEO of Abercrombie & Fitch Co. promotion group and chief business officer, Fran Horowitz, was the chief executive of the group. The latter joined the group in 2014, and was responsible for the vice line brand Hollister president, and led the brand to spanform the fast fashion model and achieved certain achievements. No fashion Chinese network (micro signal: nofashioncn) data show that as of the end of April, the Hollister brand of the group which contributed more revenue to the group achieved 3% of the same store sales growth.

However, the recovery of Hollister can not reverse the overall situation of the group. In the first quarter, sales of Abercrombie & Fitch stores continued to decline at a double-digit rate of 10%, dragging down 3% of the group's same store sales and failing to achieve growth for 17 consecutive quarters or more than 4 years. At present, it is also very difficult for Fran Horowitz to find the magic weapon that can make Abercrombie & Fitch truly stop, let alone the brilliant history of the group once created by Mike Jeffries, the chief executive of the group.

As one of the most popular clothing brands for American teenagers in the 1990s and new millennium, Abercrombie & Fitch has created its unique brand image with its sexy shop strategy and similar nightshop concept. But after the financial crisis, the brand fell rapidly, and Mike Jeffries's personal lifestyle eventually became an excuse for the board to kick it away. However, even if Mike Jeffries leaves, Abercrombie & Fitch will not be able to resist competition from fast fashion brands such as Zara, H&M and online channels, and will continue to decline.

Under the control of Fran Horowitz, Abercrombie & Fitch hopes to turn the image to a positive, positive and positive brand image. At the beginning of February, the group announced the first new store concept for Abercrombie & Fitch, 15 years, with a warm, tolerant, open and attractive design style and customer experience to concentrate on selling clothes. It changed the dark, psychedelic and noisy images that were previously built, and drew a line with the Mike Jeffries's self willed behavior, which is based on the "puberty" behavior of selling meat and eyeballs.

At the end of last month, Abercrombie & Fitch Co. announced that this year it will open 6 new concept stores of Abercrombie & Fitch, 5 of which are located in the United States, and 1 new stores in Harbour City, Hongkong, will replace the Hongkong flagship store closed at the end of last year.

As of the end of January, in the 2016 fiscal year, Abercrombie & Fitch Co. has 709 and 189 stores in the US and the international market, and this year it will end 60 stores as the lease expires. About half of the 709 U.S. stores will be closed before the end of fiscal year 2018, which means that next year, the group will give the group more room to adjust its retail sales. Joanne Crevoiserat, chief financial officer, said the group will also cut 150 corporate jobs this year.

By the end of the first quarter of April, the two brands of Abercrombie & Fitch and Hollister have closed 6 and 1 stores respectively. As of the end of the season, Abercrombie & Fitch have 308 stores and 43 stores in the US and the international market respectively. Hollister has 397 stores and 145 stores in the US and international markets.

Tuesday's close, Abercrombie & Fitch Co.'s share price was $9.49, which has fallen 23% this year.

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