Abercrombie added to Best Ideas List; American Eagle deleted at Janney Capital Janney's checks indicate Abercrombie & Fitch (ANF) is on the path of a sustainable turnaround and added shares to its Best Ideas List following weaker checks for American Eagle (AEO).
Abercrombie & Fitch enters into franchise agreement with Grupo AXO in Mexico Abercrombie & Fitch announced that it has entered into a franchise agreement with Grupo AXO to establish a retail store presence in Mexico. The franchise arrangement will encompass both the Abercrombie & Fitch and Hollister brands. The first Hollister store is set to open in late spring 2015 and the first Abercrombie & Fitch store is expected to open in late summer 2015. The company anticipates a continuing rollout that will include stores in cities like Mexico City, Guadalajara, Cancun and Playa Del Carmen.