Abercrombie & Fitch has Q4 upside potential, says William Blair William Blair said Abercrombie had a solid holiday season and could report Q4 upside. The analyst said Abercrombie's inventory position has improved and there has been some stabilization in Europe. The firm expects the company to to benefit from improved inventories and easier comps. Shares are Outperform rating
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.