Latest news with #Abercrombie&FitchCo.
Yahoo
27-06-2025
- Entertainment
- Yahoo
Post Malone to Headline The Challenge, Abercrombie & Fitch Co.'s Annual Festival and Fundraiser, Benefiting Non-Profit Partners
Tickets now available for the event on Friday, September 19, 2025 Post Malone to Headline The Challenge NEW ALBANY, Ohio, June 27, 2025 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) today announced the lineup for The Challenge, its annual music festival and fundraiser focused on promoting mental health in support of future generations. The event, hosted at Abercrombie & Fitch Co.'s Global Home Office in New Albany, Ohio, celebrates the ongoing, collective impact of its six key philanthropic partners. Headlining the 23rd annual festival is nine-time diamond-certified GRAMMY® Award-nominated phenomenon and philanthropist, Post Malone. The singer-songwriter has earned widespread acclaim and numerous accolades for his genre-blending music. Opening acts include critically acclaimed, chart-topping rock band Young the Giant, as well as rising global pop star Mark Ambor, with supporting performances from Max McNown, Natalie Jane, Adrien Nunez, Jessica Baio and DJ Axcess. The Challenge embodies Abercrombie & Fitch Co.'s purpose to support and empower each generation on the journey to being and becoming who they are through its key partners; GLSEN, The Jed Foundation, The Kids Mental Health Foundation, SeriousFun Children's Network, The Steve Fund and The Trevor Project. By starting conversations that break the stigma around mental health challenges, creating safe and affirming school environments and providing free resources to youth, teens and young adults around the world, these six impact partners are putting the mental health of future generations first. Since The Challenge's inception in 2001, Abercrombie & Fitch Co. has raised over $53 million in partnership with customers, business partners and its Abercrombie & Fitch and Hollister brands. Funds from this year's event will benefit all six non-profit partners. 'We're thrilled to announce this year's Challenge lineup, which we hope will be our most impactful event yet. From the incredible musical artists who will be joining us, to the level of support we plan to deliver to our non-profit partners, this year's event is shaping up to be absolutely fantastic,' said Fran Horowitz, Chief Executive Officer at Abercrombie & Fitch Co. 'Our headliner, globally celebrated artist Post Malone, shares our philanthropic values and we can't wait to bring his passion and talent to The Challenge stage in September. Each year brings new excitement, and I can say that this year will truly be one to remember, thanks to our amazing partners, performers, customers and associates coming together to celebrate our collective impact.' The Challenge will feature two stages, food and drink from local partners, including a beer garden by Rhinegeist Brewery, custom DIY apparel, axe throwing, hot air balloon rides and more one-of-a-kind experiences. General admission is $175 and includes access to all live performances, unlimited food and drink and an event tee. VIP tickets are also available for $350, offering guests an elevated experience with exclusive stage viewing areas, additional Challenge merchandise and more. For those celebrating virtually, tickets are $30, and a virtual VIP experience kit is available for $100. All participants are invited to fundraise beyond their ticket price to raise additional money for A&F Co.'s partners via The Challenge will be held on Friday, September 19th, 2025, from 5-11pm. For more information and to purchase tickets, visit Must be 16 years or older to attend. To check out a recap of last year's event, visit The Challenge 2024. About The ChallengeThe Challenge is a music festival and fundraiser established in 2001 by Abercrombie & Fitch Co. Through fundraising and one-of-a-kind experiences, the event supports the mental health of each generation on their journey to being and becoming who they are. In partnership with the company's family of brands and customers, The Challenge raises millions, celebrating its collective impact with an annual event that draws thousands of people both in person and virtually. About Abercrombie & Fitch & Fitch Co. (NYSE: ANF) is a global, digitally led, omnichannel specialty retailer of apparel and accessories catering to kids through millennials with assortments curated for their specific lifestyle needs. The company operates a family of brands, including Abercrombie & Fitch and Hollister brands, each sharing a commitment to offer products of enduring quality and exceptional comfort that support global customers on their journey to being and becoming who they are. Abercrombie & Fitch Co. operates 790+ stores under these brands across North America, Europe, Asia and the Middle East, as well as the e-commerce sites and Media Contact:Mackenzie GusweilerAbercrombie & Fitch Co.(614) 283-6192Public_Relations@ A photo accompanying this announcement is available at
Fashion Network
29-05-2025
- Business
- Fashion Network
Abercrombie surges on raised outlook after tallying tariff cost
Abercrombie & Fitch Co. shares rose sharply in premarket trading Wednesday after the retailer upped its full-year outlook, suggesting the retailer is confident in its ability to navigate the changing tariff landscape. The fashion retailer now sees full-year net sales growth of 3% to 6%, up from its estimate of 3% to 5% in March. This includes approximately $50 million of tariff expenses. Comparable sales for the Abercrombie namesake brand fell 10% in the quarter ending May 3, a bigger drop than analysts were anticipating, the New Albany, Ohio-based company said. Hollister brand comparable sales were up 23%, far surpassing expectations. While Abercrombie's fashion mix has drawn in a broader audience and increased sales in recent quarters under Chief Executive Officer Fran Horowitz, the company now faces uncertainty due to the Trump administration's shifting tariff policies. Chinese goods had faced tariffs of as much as 145% until President Donald Trump paused the hike earlier this month. But Abercrombie has been reducing its exposure to China in recent years, with its imports representing 7% of the total cost of merchandise receipts in fiscal 2024, down from 13% two years earlier. Vietnam is the retailer's top vendor, followed by Cambodia and India. Abercrombie shares gained as much as 33% in premarket trading in New York on Wednesday. Year to date, the stock had fallen 48% through Tuesday's close as the S&P 500 Index gained 0.7%.
Fashion Network
28-05-2025
- Business
- Fashion Network
Abercrombie surges on raised outlook after tallying tariff cost
Abercrombie & Fitch Co. shares rose sharply in premarket trading Wednesday after the retailer upped its full-year outlook, suggesting the retailer is confident in its ability to navigate the changing tariff landscape. The fashion retailer now sees full-year net sales growth of 3% to 6%, up from its estimate of 3% to 5% in March. This includes approximately $50 million of tariff expenses. Comparable sales for the Abercrombie namesake brand fell 10% in the quarter ending May 3, a bigger drop than analysts were anticipating, the New Albany, Ohio-based company said. Hollister brand comparable sales were up 23%, far surpassing expectations. While Abercrombie's fashion mix has drawn in a broader audience and increased sales in recent quarters under Chief Executive Officer Fran Horowitz, the company now faces uncertainty due to the Trump administration's shifting tariff policies. Chinese goods had faced tariffs of as much as 145% until President Donald Trump paused the hike earlier this month. But Abercrombie has been reducing its exposure to China in recent years, with its imports representing 7% of the total cost of merchandise receipts in fiscal 2024, down from 13% two years earlier. Vietnam is the retailer's top vendor, followed by Cambodia and India. Abercrombie shares gained as much as 33% in premarket trading in New York on Wednesday. Year to date, the stock had fallen 48% through Tuesday's close as the S&P 500 Index gained 0.7%.
Fashion Network
28-05-2025
- Business
- Fashion Network
Abercrombie surges on raised outlook after tallying tariff cost
Abercrombie & Fitch Co. shares rose sharply in premarket trading Wednesday after the retailer upped its full-year outlook, suggesting the retailer is confident in its ability to navigate the changing tariff landscape. The fashion retailer now sees full-year net sales growth of 3% to 6%, up from its estimate of 3% to 5% in March. This includes approximately $50 million of tariff expenses. Comparable sales for the Abercrombie namesake brand fell 10% in the quarter ending May 3, a bigger drop than analysts were anticipating, the New Albany, Ohio-based company said. Hollister brand comparable sales were up 23%, far surpassing expectations. While Abercrombie's fashion mix has drawn in a broader audience and increased sales in recent quarters under Chief Executive Officer Fran Horowitz, the company now faces uncertainty due to the Trump administration's shifting tariff policies. Chinese goods had faced tariffs of as much as 145% until President Donald Trump paused the hike earlier this month. But Abercrombie has been reducing its exposure to China in recent years, with its imports representing 7% of the total cost of merchandise receipts in fiscal 2024, down from 13% two years earlier. Vietnam is the retailer's top vendor, followed by Cambodia and India. Abercrombie shares gained as much as 33% in premarket trading in New York on Wednesday. Year to date, the stock had fallen 48% through Tuesday's close as the S&P 500 Index gained 0.7%.
Fashion United
28-05-2025
- Business
- Fashion United
Despite record sales in first quarter, Abercrombie & Fitch lowers profit forecast
The US clothing company Abercrombie & Fitch Co. was able to significantly increase its sales in the first quarter of the 2025/26 financial year, but had to accept a drop in profits. Although the current figures, which the company presented on Wednesday, exceeded expectations, the management lowered its earnings forecasts for the year as a whole. Hollister brand boosts sales performance In the first quarter, which ended on May 3, group sales amounted to almost 1.1 billion dollars. This corresponded to an increase of 8 percent compared to the same period last year. The group owed the new sales record to an increase of 22 percent to 549.4 million dollars in the Hollister division. The increase was enough to more than offset a minus of 4 percent to 547.9 million dollars in the Abercrombie segment. All market regions contributed to the strong growth in group sales. In the Americas, revenues increased by 7 percent to 874.8 million dollars, in the EMEA region, which includes Europe, the Middle East and Africa, they rose by 12 percent to 185 million dollars and in the Asia-Pacific region by 5 percent to 37.5 million dollars. Management corrects its earnings targets downwards However, higher costs meant that profit missed the corresponding previous year's level. Operating profit fell by 22 percent to 101.5 million dollars. Net profit attributable to shareholders fell by 29 percent to 80.4 million dollars, but was above the company's expectations. Based on the latest developments and current customs and tax rates, the management updated its annual forecasts. It now expects sales to increase by 3 to 6 percent in 2025/26, after growth of 3 to 5 percent had previously been expected. However, the forecast for the operating margin, which had previously been 14 to 15 percent, was lowered to 12.5 to 13.5 percent. The group now only expects earnings per share of 9.50 to 10.50 dollars, after 10.40 to 11.40 dollars had previously been forecast. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
