Company Snapshot: Abercrombie & Fitch Co.
6301 Fitch Path
New Albany, OH 43054
Total Current Stores:
All 50 states, Puerto Rico, Canada, and foreign countries
CEO, Michael S. Jeffries
CFO, Jonathan Ramsden
Abercrombie & Fitch Co. recently announced plans to close 180 U.S. stores over the next few years as it tries to improve its financial performance. The chain has already closed 135 underperforming U.S. stores over the past two years. The closures will primarily be among its namesake and kids brands but will close a few Hollister stores as well.
Abercrombie used to generate most of its sales in the U.S. but has shifted its focus to overseas markets such as Europe and Asia, where it is still growing. Abercrombie’s revenue slid in 2008 and 2009 due to weakness in the U.S., which produced 90 percent of its sales at the time. Its sales grew again in 2010 and 2011 in part because it was expanding online and abroad. By 2011, Abercrombie generated roughly 65 percent of its revenue from U.S. stores and 21 percent from international stores.