Breaking NewsGlobeSt.com will be offline for scheduled maintenance Friday Feb. 26 9 PM US EST to Saturday Feb. 27 6 AM EST. We apologize for the inconvenience.

 
X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW ALBANY, OH-Abercrombie & Fitch’s new fifth concept is in the design stage, as is a flagship store for Hollister, executives said at its second quarter conference call. The new concept and international expansion for Hollister, are part of an overall expansion plan that also includes stores throughout Europe and Japan.

“We are aggressively looking for locations in Italy, France, Germany, Spain, Denmark and Sweden,” as well as additional sites in Britain, said Michael W. Kramer, executive vp and CFO.

Earlier this month, the company announced plans to open a Tokyo flagship in the Ginza district in late 2009. It will be Abercrombie’s first flagship in Asia.

For fiscal 2007 the company plans six new Abercrombie & Fitch stores, 25 new abercrombie stores, 56 new Hollister Co. stores, seven new RUEHL stores, and “Concept 5″ stores, which will debut in January.

“There is absolutely no concern as to real estate availability, both on the domestic and international front,” Kramer said.

For the quarter, the company reported net income of $81.3 million, a 24% increase over the same period in 2006. Total net sales increased 22% to $804.5 million. Comparable store sales decreased 2%.

The company operates 362 Abercrombie & Fitch stores, 186 abercrombie units, 419 Hollister Co. stores and 17 RUEHL stores in the United States, as well as three Abercrombie & Fitch stores and three Hollister Co. stores in Canada, and one Abercrombie & Fitch in London.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.