Abercrombie & Fitch Co reported a bigger-than-expected 61% jump in first-quarter sales on Wednesday, as the apparel retailer benefited from shoppers returning to its stores and using its beefed-up online business.
The two iconic American fashion companies have announced that they are joining many of their industry peers and implementing furloughs of retail associates and corporate salary cuts, among other measures.
As Covid-19 continues to spread, Monday saw a number of North American retailers moving to protect consumers and employees by implementing store closures, including Nordstrom, Guess, Canada Goose, VF, PVH and Ulta.
The teen-focused American fashion retailer announced on Monday that, having achieved record revenues in 2019’s Black Friday week, it is confirming its previously reported financial outlook for the fourth quarter.
The American subsidiary of the Japanese lingerie company has announced that it has named Mitch Kauffman as its new president and CEO, roles in which he will succeed Bob Vitale, who is leaving the group after 22 years.