Abercrombie & Fitch CEO earned $48 mln in 2011

Abercrombie & Fitch Co. ANF +0.96% Chief Executive Michael Jefferies’ compensation package more than doubled last year, to $48 million, according to a proxy filed with the Securities and Exchange Commission.

Jefferies, who also holds the position of chairman at the teen retailer, received a base salary of $1.5 million, the same as the prior year. His stock option awards and stock appreciation rights were $43 million, compared with $14 million the prior year.

Jefferies’ nonequity incentive plan compensation, or the cash part of his bonus, was $1.2 million.

The prior year, Jefferies received $23 million in total compensation.

Abercrombie & Fitch has seen a resurgence in its popularity as the economy has shown signs of improvement. The most expensively priced retailer among the so-called three A’s — the others being Aeropostale Inc. ARO +1.03% and American Eagle Outfitters Inc. AEO +1.70% — Abercrombie reports first-quarter results Wednesday. Investors will be looking for signs of margin recovery after fourth-quarter results showed the retailer was quite promotional during the holiday season.

Anna Dello Russo Wears Abercrombie & Fitch, Has 4,000 Pairs of Shoes

Anna Dello Russo counts many designers as friends, but she seems to have a particularly close bond with Pucci’s creative/artistic director, Peter Dundas. In a love-fest-y interview with both Dundas and Dello Russo in the Financial Times we learn quite a bit about their relationship, the number of shoes ADR owns, and why she wears Abercrombie & Fitch track suits.

Anna Dello Russo Anna Dello Russo Wears Abercrombie & Fitch, Has 4,000 Pairs of Shoes Here are the highlights of the “conversation” the two had:

On Dundas being ADR’s boy toy “walker”:

“Yes, you are my official walker. You like to party and I like to be accompanied by a handsome gentleman. This kind of friendship is long-lasting, like the ones with best friends from primary school.”

On ADR’s shoe collection and her clothes storage system:

“When I moved house 10 years ago, I had 4,000 pairs of shoes. I had to buy a bigger home to store all the clothes because I need closets, not kitchens, and many are now in my house in Bari [in the southern Puglia region]. I’m super tidy so every item is catalogued, stored in garment bags with tissue paper, perfumed and on hangers that are all the same.”

On vintage fashion:

“But I’m not a vintage fan – I don’t like the smell of old clothes.”

On her aversion to bags:

“I’m also not a fan of bags, because anything that is practical isn’t handsome; if anything I like clutches.”

On wearing Amercrombie & Fitch (!):

“Pyjamas and tracksuits are sloppy so I only wear Abercrombie & Fitch tracksuits to go to my yoga class. If you dress comfortably, you don’t get the look.” [Ed. note: What does that even mean?]

On how she’s like a czarina:

“I love opulence, gold, richness. I will always say that I was born in Versailles and will die at the Hermitage. When I visited St Petersburg, I really felt at home like a czarina, attracted to the gold gilded columns that are everywhere. My father often compares me to Anastasia or to Tutankhamen. I love to surround myself with beautiful things.”

Czarina Anna, we curtsey in your general direction.

Abercrombie shares rise on upgrade

Abercrombie & Fitch Co.’s shares jumped in trading Tuesday after two analysts saw the teen retailer’s business improving in Europe.

AF lokk Abercrombie shares rise on upgradeTHE SPARK: Citi analyst Jeff Black, who has a “Buy” rating on its shares, more than doubled his first-quarter earnings estimates to 7 cents per share from 3 cents on the anticipated strength in Europe.

UBS Investment Research analyst Roxanne Meyer upgraded her rating on the company’s stock to “Buy” from “Neutral,” given her perception of its earnings potential for 2012 and beyond. She also raised her price target on the company’s stock to $66 from $51.

Meyer also raised full-year estimates to $3.65 from $3.53 for 2012 and 2013 estimates to $4.70 from $4.66.

THE BIG PICTURE: The European economic crisis has taken its toll on consumers and the companies worldwide that do business there. The market has been an ongoing soft spot for a number of clothing and consumer product companies.

Abercrombie & Fitch, however, is making some apparent headway in Western Europe that is stabilizing its results there. It also seems to be performing in line with the industry in the U.S. at a time when the teen retail market remains volatile.

Abercrombie is expected to report its first-quarter results May 16.

THE ANALYSIS: Abercrombie’s business appears to be stabilizing in Europe, and its U.S. stores stand to benefit from warmer weather and a renewed interest in spring fashion. Meyer noted an attractive product lineup in U.S. stores and said there were long lines in Paris. She said she expects demand will pick up in Europe during the summer Olympics.

Black said Abercrombie has adjusted its prices appropriately in Europe after its sales were hurt by high of prices last year. He also expects the lower cotton prices to help the company’s profit margins.

SHARE ACTION: Shares of Abercrombie jumped $2.92, nearly 6 percent, to $53.09 in midday trading. Its shares have traded between $40.25 and $78.25 in the past 52 weeks, peaking in the first half of that period but showing much lower and rockier pricing after that.

Savile Row Flash Mob Fights Abercrombie & Fitch

An unusual sight greeted visitors to London’s Savile Row on Monday: a group of mustachioed, tweed-clad protestors waving placards imploring passers-by to “give three-piece a chance”. The cause of their sartorial protest was the threat that Abercrombie & Fitch, having already moved its tanks onto Savile Row’s lawn with a store in 7 Burlington Gardens (which doubles as 42 Savile Row, and previously hosted the Prada-owned Jil Sander store), was to open a branch of its Abercrombie Kids brand in this bastion of fine British tailoring.

abercrombie london Savile Row Flash Mob Fights Abercrombie & FitchAbercrombie & Fitch sounds as if it would sit well with Great British clothiers like Gieves & Hawkes and Anderson & Sheppard – and its 19th-century foundation puts it an a roughly equal footing with much of the Row – but its methods are quite different. One assumes, at least, that the children’s clothes branch will not have the attractive, dancing models of the main store, but it will nonetheless represent the invasion of mass-market, mass-produced American goods onto Savile Row. Not many places would think of A&F as cheap, between the $4 billion market cap and the $50 T-shirts, but in the eyes of Savile Row, where a bespoke suit starts at around $3000, it may as well be a market stall.

The protest, organized by The Chap magazine, assembled at the planned kids’ store site at 3 Savile Row (the former site of Apple Corp, the Beatles’ management company, and the site of their farewell gig) and marched to Abercrombie’s flagship (and only) London store, with music provided by the face of “chap-hop”, Mr B the Gentleman Rhymer. However, the constitution of the crowd was telling. Despite their love of Savile Row as a concept, few if any were wearing Savile Row tailoring, and few of the immaculate outfits were first-hand. The Chap is playfully nostalgic, harking satirically after better days, but the preponderance of tweed in town might have made the very tailors they sought to protect shudder politely.

A Cutting Issue

Savile Row’s traditional tailors have not resp0nded well to the presence of Abercrombie & Fitch, or its expansion plans. Thomas Mahon, suitmaker to Prince Charles and producer of the must-read English Cut website, commented on the original store:

If the bespoke businesses were driven out by crappy retail stores selling poor-quality clothes, then Savile Row’s name would be irreparably damaged.

Complaints from members of the Savile Row Bespoke Association have centred not only on the relative cheapness of the product, but also the presentation – the wall-high pictures of naked torsos damaging the traditional ambience of class and understated luxury. The Savile Row way – not naming customers and concealing labels – is at odds with the world of big-store retail.

Abercrombie might be seen as a symptom, however, rather than a cause. Rents on Savile Row for office space peaked at £10o ($150) per square foot, and the cost of the Row has led some to move to adjacent streets and others to vacate the area altogether: Edward Sexton, maker of the suits worn by the Beatles (excepting George Harrison) on the cover of Abbey Road, who is now based in Knightsbridge. Thomas Mahon’s studio is located in Cumbria, but much of his trade comes from visits to the United States – clients are measured in hotel rooms or at their offices, and the suit is sent to them once made. The rents, and the cost-intensive practice of using local labor for true Savile Row bespoke (whereas less expensive options are provided by sending patterns to Ireland or the Far East, or cutting the cloth using machines rather than by hand), limits productivity and keeps costs high – whether this is a bug or a feature is probably a matter of personal taste.

This is not the first time Savile Row has been the site of unwelcome guests. A decade or more ago, the old guard were complaining of the arrival of flashy “new bespoke” tailors like Ozwald Boateng, Richard James and Timothy Everest. James, however, is now a member of the Savile Row Bespoke Association, guardians of the values (and the value) of Savile Row Bespoke (as opposed to simply bespoke, a term which – as Forbes reported – in marketing language may mean anything from hand-made to laser-cut in a factory or machine-stitched from hand measurements).

It may be that the alternatives to bespoke tailoring are growing faster than the market for premium clothing – the number of tailors on Savile Row has progressively reduced in recent years, and there is a fear that the skills will be lost. Nonetheless, there will always be wealthy men (and increasingly women) looking for fine tailoring, and Savile Row as a brand will remain strong. However, Savile Row the location may find itself surrendering ground to the greater heft – and the more in-your-face ways – of clothing chains, despite the enthusiastic advocacy of its friends in tweed. Perhaps when Abercrombie’s well-heeled clientele can no longer rock a muscle tee, they will find their eyes caught by the steadier virtues of an English cut.

Abercrombie & Fitch Working to Shut Down Copycat Site Selling ‘N-Word Brown Pants’

AFMVP1021WHI Abercrombie & Fitch Working to Shut Down Copycat Site Selling ‘N Word Brown Pants’

Statt: €80.00
Nur: €47.00
Sie sparen 41% !

Were you looking for a pair of men’s Abercrombie & Fitch-style cargo pants at a reasonable price? Look no further than Abercombie-and-fitchoutlet.com, selling these counterfeit cargo shorts in a charming “N****r brown” shade.

The site looks almost exactly like the official Abercrombie & Fitch site, but questionable grammar and clunky phrasing in the e-store’s “About” section suggested that English might not be the first language of the site’s administrators.

With Abercrombie’s unfortunate past of racially insensitive tees and their infamous look policy for employers (cornrows are deemed “extreme” and “unacceptable”, according to official company documents–I know this because I worked at Hollister), we didn’t think they’d be pleased to learn that this particular site is associating their name with these offensively described pants, copyright issues aside.

The site, is, of course, in no way affiliated with Abercrombie and Fitch. We reached out to the retailer and they’ve provided us with the following statement:

The website, “http://www.abercrombie-and-fitchoutlet.com”, is in no way affiliated with Abercrombie & Fitch and in any event, we do not condone racist language. This is a counterfeit website and we have initiated legal proceedings to shut it down.
We thought it was strange that none of the other brown clothing items on abercombie-and-fitchoutlet.com are named “n-word brown,”– they’re just regular ‘ol brown. We thought maybe this unfortunate nomenclature was a translation issue. Perhaps the (we’re guessing) Chinese people who run the site didn’t realize how inflammatory the “n-word” is, or understand the ugly history behind it. Our suspicions were (partially) correct–Gawker is reporting that the translation software used by a few Chinese manufacturers uses the n-word as a translation for “dark brown.” This is most likely the issue in this case.

When we talked to “Chris,” the online customer service rep at www.abercrombie-and-fitchoutlet.com, he apologized several times on the company’s behalf (instead of actually answering our questions) for “the matter,” and promised us the pants would be renamed within 12 hours (so, you know, they’re still up there). When we asked “Chris” if he was aware of the meaning behind the n-word, or if he “knew any people the same color of those pants,” he stalled.

Click through to read our riveting conversation with “Chris.”

More A&Fitch Mens Vintage Polos

 

 

Record Cotton Harvest Seen Cutting Prices for Gap

Record cotton crops from India to Brazil are exceeding demand by the most in more than two decades, driving prices lower for Gap Inc. and Abercrombie & Fitch Co.
Farmers will reap 123.6 million 480-pound bales in the 12 months ending in July, exceeding demand by 15 million bales and expanding stockpiles by 32 percent to the second-biggest on record, the U.S. government estimates. Futures will extend this year’s 3.1 percent retreat in New York by a further 16 percent to 75 cents a pound by Dec. 31, according to the median of 15 analyst estimates compiled by Bloomberg.

Prices rose to $2.197 a year ago after cold weather and floods from China to Pakistan ruined crops, the highest since America was recovering from the Civil War more than a century earlier. Farmers worldwide planted more acres, creating a glut that the International Cotton Advisory Committee in Washington says may increase by a further 12 percent next season.
“Cotton is a cub right now and can grow into a fully- fledged bear,” said Sterling Smith from St. Paul, Minnesota- based Country Hedging Inc., a unit of CHS Inc., the largest U.S. farmer-owned co-operative. “We’re going to have exceptional production next season, and that will weigh on prices significantly.”
Hedge Funds
Prices tumbled 55 percent to 89 cents on the ICE Futures U.S. exchange in the past 12 months, making it the worst performer in the Standard & Poor’s GSCI gauge of 24 raw materials. That measure was little changed, while the MSCI All- Country World Index of equities added 0.5 percent. Treasuries returned 6.8 percent, a Bank of America Corp. index shows.
Hedge funds are the most bearish in three years, widening their net-short position, or bets on lower prices, by 63 percent to 9,628 futures and options in the week ended March 13, Commodity Futures Trading Commission data show. Speculators were bullish every week last year as U.S. farmers faced the worst crop conditions since the dust bowl era of the 1930s. Harvests expanded fast enough in other countries to more than compensate for the 13 percent drop in U.S. output.
The 6.1 percent gain in global production predicted by the U.S. Department of Agriculture will combine with a 5.2 percent drop in demand, the biggest slump since the global recession. The ratio of stockpiles to consumption will rise to 60 percent, the most since 1999, at the end of the next season which begins in August, according to ICAC, a group of producing and consuming countries founded seven decades ago.
Abercrombie & Fitch
Gap, the largest U.S. apparel chain, told investors in February it expected lower costs in the second half. Abercrombie & Fitch (ANF), the operator of its namesake and Hollister teen- clothing stores, told analysts on March 7 it will benefit from declining prices.
Demand is weakening amid slowing global growth. The world economy will expand 3.3 percent this year, from 3.8 percent in 2011, the International Monetary Fund has said. Chinese Premier Wen Jiabao announced an annual growth target of 7.5 percent on March 5, the lowest since 2004. Japan contracted 0.7 percent in the fourth quarter and the 17-nation euro region’s economy shrank 0.3 percent, government data show.
China, which uses about 40 percent of the world’s cotton, will import 18.5 million bales this season, the most in six years and 54 percent more than a year earlier, the USDA estimates. Shipments are rising as the government diverts domestic supplies to state reserves that may represent 25 percent of global stockpiles by July, according to ICAC.
Million Bales
India, the second-biggest exporter after the U.S., may also slow sales after the government said it isn’t accepting new export registrations after partially lifting a ban March 12. The nation already shipped about 9.5 million 170-kilogram bales this season, more than the 8.4 million-bale surplus forecast by the government. Prices jumped 4.5 percent in New York on March 5 after the Commerce Ministry announced a halt to sales.
Declining prices and the curbs on exports may also encourage India’s farmers to sow less cotton in the planting season that begins next month. The area given over to the crop will decline 6 percent from a record 12.19 million hectares (30.1 million acres) a year earlier, ICAC estimates.
Consumption may exceed estimates because there are signs that growth is accelerating in some economies. Claims for U.S. jobless benefits fell to match a four-year low and consumer confidence rose to the highest level since 2008, government figures and data compiled by Bloomberg showed March 15. Retail sales advanced the most in five months in February, Commerce Department data on March 13 showed.
Chinese Inflation
Inflation (CNCPIYOY) in China fell to a 20-month low in February, increasing expectations the government will loosen monetary policy to shore up growth. The effect on cotton may be muted because sales from official stockpiles are likely, said Peter Egli, a Chicago-based director of risk management at Plexus Cotton Ltd., which advises the industry.
“For the international market, that means that China will become very quiet after April,” Egli said. “China will not be able to remain the buyer of last resort for another season, at least not to the degree they were this season.” ICAC expects imports to drop 14 percent to 3.51 million tons next season.
Weaker Chinese demand will come at a time when U.S. production is anticipated to rebound. While farmers will plant about 7 percent fewer acres this season, improved growing conditions mean output will probably increase 32 percent, Informa Economics Inc., a research company based in Memphis, Tennessee, reported March 9.
Australian Bureau
Shipments from Australia, the third-largest exporter, may climb to a record in the next season after flooding boosted water supplies, the government’s Australian Bureau of Agricultural and Resource Economics and Sciences estimates. Sales may reach 1.075 million tons in the 12 months beginning July 1, from 955,000 tons a year earlier.
Gap, (GPS) based in San Francisco, is “fairly confident that average unit costs will improve in the second half,” Chief Financial Officer Sabrina Simmons said on a conference call Feb. 23. The company, whose shares rose 41 percent this year, will report a 1.6 percent gain in profit to $846 million this year, the mean of 16 analyst estimates compiled by Bloomberg shows.
Abercrombie & Fitch, based in New Albany, Ohio, anticipates that “in the first quarter of 2013 and some degree in the second quarter, we’ll still be benefiting from the year-over- year cotton cost reduction,” Chief Financial Officer Jonathan Ramsden said on a conference call March 7. Shares of the company rose 6.7 percent this year.
“Cotton is overvalued given its fundamentals,” said Paul Deane, an agricultural economist at Australia & New Zealand Banking Group Ltd. in Melbourne. “It’s going to come under pressure.”

Abercrombie & Fitch staff ‘told to do press-ups’ when they make mistakes

The famously image-conscious clothing company Abercrombie & Fitch has come under fire in Italy for ordering its staff to perform press-ups and squats if they failed to meet its exacting standards.

Abercrombie Fitch staff Abercrombie & Fitch staff told to do press ups when they make mistakesUnder the boot camp-style diktat, male staff who failed to greet a customer with sufficient cheeriness or follow the order of a superior were told to drop to the floor and perform 10 push-ups.

Female members of staff who failed to measure up were given 10 squats.

“From today, every time we make an error we’ll have to do 10 press-ups, or squats for the women,” said a company email, leaked to Corriere della Sera newspaper. “This will bring about a great result – we will learn from our mistakes.”

The draconian regime was implemented at Abercrombie & Fitch’s flagship shop in Milan, which employs around 200 full-time staff.

“I had to do a lot of press-ups,” one former employee, who declined to give his full name, told the newspaper. “That’s how it works there – you take it or leave it.” The strict regime was criticised by union leaders. “If this is the American model, then we have little to learn from them,” said Graziella Carneri from CGIL, Italy’s largest union.

The “dignity of staff” was being compromised by such strict rules and regulations, she said.

The company email dates to last April and it was not clear if the punitive exercise regime was still operating.

A spokesman for Abercrombie & Fitch in London declined to comment on the story when contacted by The Daily Telegraph.

It is not the first time the American company has been criticised for its strictly-enforced “look policy”, which stipulates that staff should embrace a wholesome, preppy look.

Employees are told their hairstyles must be “clean and natural” and women’s fingernails must extend no more than a quarter of an inch beyond the tip of the finger.

In 2009 the American company was sued by a British member of staff , Riam Dean, who said she was consigned to working in a stockroom at a London outlet because her prosthetic arm did not fit the firm’s policy on how its employees should look.

Miss Dean, then 22, who was working as a sales assistant in the company’s Savile Row branch, claimed she was removed from working on the shop floor because of her disability.

She said she was left “diminished and humiliated” and sued the company for discrimination in an employment tribunal.

She won her wrongful dismissal case against the retail giant in Aug 2009 and was awarded £7,800 compensation for injury to her feelings and £1,077 for loss of earnings.

The Situation is suing Abercrombie & Fitch for $4 million

Remember back in August, when Abercrombie & Fitch declared that they would pay The Situation money to not wear its clothing on Jersey Shore? We all had a good laugh about it. Then Abercrombie’s stock dropped 9 percent, a fact which made The Situation giggle with malicious glee. But Sitch is not satisfied with seeing his enemies merely defeated. He will not rest until he crushes Abercrombie, and he sees the board of directors driven before him, and he hears the lamentations of their women. Thus, on behalf of MPS Entertainment — a company founded by The Situation and his brother, Marc — lawyers have filed a Florida lawsuit against Abercrombie & Fitch for $4 million.
Jersey Shore Mike 320 The Situation is suing Abercrombie & Fitch for $4 millionAccording to documents filed in the United States District Court, Southern District of Florida, the lawsuit essentially boils down to two main points: That Abercrombie’s offer of a payout was actually a double-reverse PR move intended to capitalize on The Situation’s fame; and that Abercrombie has violated Sitch’s trademarks on “The Situation” and “GTL” by marketing T-shirts with the slogans “The Fitchuation” and “GTL… You Know the Deal.” It’s an interesting argument: The August announcement was clearly intended as a PR move, albeit a complicated one, intended to capitalize on a celebrity’s infamy by getting what essentially amounted to an anti-endorsement. According to the legalese: “Defendant’s advertising campaign was immensely successful; as it resulted in hundreds of newspapers and thousands of internet bloggers, publishing stories about Defendant’s products and brand.”
It’ll be interesting to see how this lawsuit actually plays out, since it brings up all sorts of intriguing questions. (Is a media-baiting press release really “an advertising campaign”?) Certainly, Abercrombie doesn’t come off very well in all of this. As the papers note, Abercrombie “claimed that Sorrentino was contrary to ‘the aspirational nature of the brand,’” which is a funny argument to make, considering Abercrombie was selling clothing that specifically referenced the guy they were trying to distance themselves from. The Situation and his brother are currently asking for “a reasonably royalty in the amount of $1 million,” with an additional $3 million for “exemplary and/or punitive damages.” (Abercrombie did not immediately respond to an email inquiry for comment.)
But here’s the more interesting takeaway from all this: You have to at least slightly admire The Situation’s business acumen. Additional papers present Sitch’s trademark for various derivations of “Situation” and “GTL.” Those are both brand names which he essentially gets to advertise, free of charge, on one of the most popular shows in the country. Actually, not “free of charge”: MTV is paying him thousands of dollars to advertise himself. Yeesh, maybe Abercrombie should make him their new CEO.

Abercrombie & Fitch is too sexy for Singapore

Is an oversized advertisement featuring a topless man with a six-pack and jeans slung way down low too risqué for clean, sterile Singapore?

Singapore Economy AF Abercrombie & Fitch is too sexy for SingaporeThe eye-catching billboard plastered on the Orchard shopfront of American fashion retailer Abercrombie & Fitch’s soon-to-be-opened Knightsbridge store has been found in breach of the local advertising code of decency.

According to a report by Marketing Magazine, earlier this week, the Advertising Standards Authority of Singapore (ASAS) is looking to suspend the ad citing its “breach of the Singapore Code of Advertising Practice guidelines on decency.”

Abercrombie & Fitch is known for its controversial ad campaigns featuring semi-nude models, and while the ASAS has no legal rights to enforce its decision, the giant poster’s future remains in question.

In a report by the Straits Times Indonesia, media and entertainment lawyer Samuel Seow pointed out that action may be taken by the Media Development Authority (MDA). He added that under Singapore’s Undesirable Publications Act, the MDA may enforce the removal of the ad if it finds that the photographic image exploits human nudity.

What’s curious though is the timing of this call for suspension.

The advertisement was, um, erected in June, and has already been seen (and talked about) by many Singaporeans.

“What really surprised me was the speed of ASAS’ response — the ad’s suspension was many weeks after it was posted, so it had already achieved the desired effect,” JCDecaux Singapore CEO Ashley Stewart told Marketing Magazine.

Naturally, news of the ad’s possible suspension has provoked Straits Times’ netizens to comment furiously in its favor.

“Yes, we should complain. How can you tease us like that with the pants slung so low and offer nothing else? Not even a strip of fuzz? It’s indecent of A&F to leave their ads like that. COMPLAIN!”

“Oh come on Singapore … stop being very conservative! Just accept the shirtless man as a piece of art. We’re in the 21st century, for goodness sake.”

“Well, this is stupid. Probably if the model doesn’t have rock hard abs and tugs at his jeans then this wouldn’t had made the news. So does this mean that guys wearing swimming trunks are indecent too?”

So, exactly who is this ad offending again? Stay tuned.

Bearish Moving Average Cross by Abercrombie & Fitch

Today, shares of Abercrombie & Fitch (NYSE:ANF) have crossed bearishly below their 10-day moving average of $62.79 on a volume of 994K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

There is a potential upside of 35.6% for shares of Abercrombie & Fitch based on a current price of $61.94 and an average consensus analyst price target of $84.00. Abercrombie & Fitch shares should first meet resistance at the 200-day moving average (MA) of $62.70 and find additional resistance at the 50-day MA of $68.19.

Abercrombie & Fitch Co. is a specialty retailer that operates stores selling casual apparel, such as knit shirts, graphic t-shirts, jeans, woven shirts and personal care and other accessories for men, women and kids. The Company operates stores in the United States and Canada as well as retails its products over the Internet.

Abercrombie & Fitch share prices have moved between a 52-week high of $78.25 and a 52-week low of $34.07 and are now trading 82% above that low price at $61.94 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.4%.