Abercrombie & Fitch

Topics: Generally Accepted Accounting Principles, Hollister Co., Abercrombie & Fitch Pages: 5 (1344 words) Published: February 16, 2014

Abercrombie & Fitch Co. ("A&F") a specialty retailer operates stores and direct –to-consumer operations through its subsidiaries. Incorporated in Delaware in 1996, Abercrombie & Fitch Co. under the Abercrombie & Fitch, Abercrombie kids, and Hollister brands sells: casual sportswear apparel, including knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters, and outerwear; personal care products; and accessories for men, women and kids. The Company also operates stores and direct-to-consumer operations offering bras, underwear, personal care products, sleepwear, and at-home products for women under the Gilly Hicks brand. A&F operates over thousand stores in North America, Europe and Japan.

“Abercrombie & Fitch, rooted in East Coast traditions and Ivy League heritage, Abercrombie & Fitch is the essence of privilege and casual luxury. The Adirondacks supply a clean and rugged inspiration to this youthful All-American lifestyle. A combination of classic and sexy creates a charged atmosphere that is confident and just a bit provocative. Idolized and respected, Abercrombie & Fitch is timeless and always cool.

Abercrombie kids, the essence of privilege and prestigious East Coast prep schools. Furthermore, Abercrombie kids directly follow in the footsteps of Abercrombie & Fitch. With a flirtatious and energetic attitude Abercrombie kids is popular, wholesome and athletic. Rugged and casual with a vintage-inspired style, Abercrombie kids aspires to be like its older sibling, Abercrombie & Fitch. The perfect combination of maturity and mischief, Abercrombie kids is the signature of All-American cool.

Hollister is the fantasy of Southern California. It is the feeling of chilling on the beach with your friends. Young, spirited, and with a sense of humor, Hollister never takes itself too seriously. The laidback lifestyle and wholesome image combine to give Hollister an energy that's effortlessly cool. Hollister brings Southern California to the world. Gilly Hicks is the cheeky cousin of Abercrombie & Fitch. Inspired by the free spirit of Sydney, Australia, Gilly Hicks makes cute Push Em Up bras and Down Undies for the young, naturally beautiful and always confident girl; flirty and carefree, with a little tomboy sexiness. Gilly Hicks is the All-American brand with a Sydney sensibility.”

Abercrombie & Fitch had an increase of 18% of the company net sales from $2.929 billion at the end of January 2010 to $3.469 billion at the end of January 2011. The net sales increase was attributable to a 7% increase in comparable store sales, a 40% increase in the direct-to-consumer business, including shipping and handling revenue, and new stores, primarily international. The impact of foreign currency on sales for Fiscal 2010 and Fiscal 2009 was less than 1% of net sales. Operating income for Fiscal 2010 was $231.9 million, which was up from $117.9 million in Fiscal 2009. Net income from continuing operations was $150.3 million and net income per diluted share from continuing operations was $1.67 in Fiscal 2010, compared to net income from continuing operations of $79.0 million and net income per diluted share from continuing operations of $0.89 in Fiscal 2009. Net income was $150.3 million and net income per diluted share was $1.67 in Fiscal 2010, compared to net income of$0.3 million and net income per diluted share of $0.00 in Fiscal 2009. Net cash provided by operating activities, the Company's primary source of liquidity, was $391.8 million for Fiscal 2010. This source of cash was primarily driven by results from operations adjusted for non-cash items including depreciation and amortization and asset impairment charges. The Company used $160.9 million of cash for capital expenditures and had proceeds from the sale of marketable securities of $84.5 million during Fiscal 2010. The Company also repurchased $76.2 million of Common Stock and paid dividends totaling $61.7 million during Fiscal 2010....

References: Abercrombie & Fitch, C. o. (n.d). Abercrombie & Fitch Co. 10K or International Equivalent 2010.
DATAMONITOR: Abercrombie & Fitch Co. (2011). Abercrombie & Fitch SWOT Analysis, 1-9.
LEMOINE, J., & BADOT, O. (2008). GESTION TRIBALE DE LA MARQUE ET DISTRIBUTION SPÉCIALISÉE : le cas Abercrombie & Fitch. (French). Decisions Marketing, (52), 9.
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