A&F Group Has Entered A Sound Track

Abercrombie & Fitch Co. maintains strong recovery in the past two quarters during the holiday season

According to the world clothing shoes and hats net, January 22, 2018:

Co. (NYSE:ANF) announced that the 78 year old executive chairman, Arthur Martinez, will retire after the end of the 3 fiscal year of February, marking the end of the difficult pformation led by him in the past four years.

In the two years after the 2014 Abercrombie Fitch Co. CEO Mike Jeffries quit, the American Teenager

It was not until February 2017 that the retailer appointed the president and chief sales officer Fran Horowitz as the new CEO.

Over the past two years, CEO Arthur has played the role of a real leader in the vacuum of the Abercrombie and Fitch Co.. The Abercrombie & Fitch Co. has completely lost the Mike Jeffries Jeffries, which has been successfully constructed since 1992, but now is out of date and controversial. It also reforms in terms of channels, products, supply chain, and store image to cope with the decline of the real passenger flow.

Brand challenges.

With the efforts of a number of new management levels such as Arthur Martinez and Fran Horowitz, Abercrombie & Fitch Co. has achieved the first same store sales growth in more than a year in the three quarter of fiscal year 2017, and its profits have improved significantly.

The group also announced today that it expects to increase its four quarter sales forecast.

Arthur Martinez said in today's announcement that the group has entered a sound track, and that it is the right time for the leadership pfer of the board of directors.

Abercrombie & Fitch Co. (NYSE:ANF) climbed up to $11.9% to $22.30 on Monday, creating a new high since August 2016.

With steady improvement in performance, the stock market finally reversed its 6 consecutive year of decline in 2017 and achieved a 45% increase in the whole year.

Arthur Martinez has a remarkable career in retailing.

As chief executive, he passed the store and other measures to enable Sears Roebuck & Co. (now Sears Holdings Corp.) Sears department store to return to profitability and rejuvenate at the end of 90s. Before joining the department store, he became the chief financial officer of Saks Fifth Avenue from 1980.

In recent years, he is a leading director of the listed company. He served PepsiCo, Inc. (NASDAQ:PEP) Pepsi, American International Group Inc. (NYSE:AIG), International Flavors & Fragrances, International and Inc., and was also the chairman of the multi-channel retailer and Holland's largest bank.

Abercrombie & Fitch Co. said that the Terry Burman, now a 72 year old member of the board of directors, will be a non-executive chairman from the beginning of February, while Arthur Martinez will retain the status of the director.

In the past holiday season, Abercrombie & Fitch Co.'s Hollister brand continued to be strong, and Abercrombie store sales continued to rise. CEO Fran Horowitz was satisfied with the performance of all brands and channels.

Now the group will raise its outlook for the same store growth in the four quarter from the previous low digits to the highest digits, which will be the highest increase since the overall growth of 9% in the two quarter of 2011, while gross margin will maintain a decrease of about 100 basis points in the 59.3% period of the previous year.

RBC Capital Markets LLC plus Brian capital Tunick analyst Brian believes that after last year's big wave of apparel retailers went bankrupt and closed, the Abercrombie and Fitch Co. and its competitors American Eagle Co. (Abercrombie) are benefiting from the upgrading of demand.

Data from the National Retail Association NRF show a 5.5% increase in physical and online retail sales in the holiday season, the highest growth rate in the past 12 years.

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