Abercrombie & Fitch Is Minimizing for Long-term Growth
4 monthes ago - By WWD
As the retail world goes increasingly digital, flagships are losing their relevance. And Abercrombie & Fitch is shifting its course as a result.
“Those stores are really a legacy piece of the brand,” Scott Lipesky, senior vice president and chief financial officer of Abercrombie & Fitch, told investors at the Jefferies Consumer Conference held in Nantucket, Mass., this week. But he added, they're “an outdated piece of the brand. It's not the brand aesthetic that we're trying to portray to our customers anymore.”
That's why the retailer, which includes Hollister and Abercrombie Kids under...
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Sneaker brand P448 to open flagship stores in Milan and New York
4 monthes ago - By Fashion United
P448, the Italian sneaker brand recently acquired by StreetTrend LLC and
Panda Srl, has announced plans to open flagship stores in 2020 in Milan and
New York, following a series of pop-up stores in London, New York, Milan and Rome. The brand has also announced it will be expanding into new markets in 2019, namely Russia, Eastern Europe, Scandinavia, the Middle
East, South Korea and Japan.
Commenting on these development, P448 non-executive chairman Wayne
Kulkin said in a statement: “we look forward our next steps with an e-commerce expansion as well as mono brand stores and creating a...
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