Abercrombie & Fitch CEO talks 'aligning' products with consumer needs
Abercrombie & Fitch (ANF) shares flew sky-high on Wednesday after reporting a massive second-quarter earnings beat. The retailer, whose brand portfolio also includes Hollister, outpaced earnings estimates by nearly 543 percent after posting $1.10 per share.
Abercrombie & Fitch CEO Fran Horowitz sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss the narrative behind Abercrombie & Fitch's success after ten consecutive quarters of growth.
"In any economic cycle, there are winners and there are losers, and we are winning because we are getting our product, our voice, and our experience aligned and [customers] are responding to it," Horowitz says.
Horowitz attributes the decision to "age up" the brand as a cornerstone of its ability to broaden its categories: "Perhaps [customers] start shopping with us in their 20s. They're still here and in their 30s and in their 40s."
Horowitz also comments on trends in casual wear and office attire seen in customer purchases, holiday shopping forecasts, and key sales drivers.
This post was written by Luke Carberry Mogan.
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