Abercrombie & Fitch weakness a buying opportunity, says RW Baird Baird would be buyers of Abercrombie & Fitch on weakness following Q4 results and disappointing Q1 guidance. The firm believes the company is in progress of driving significant improvements to the business and expects the low teens margins are achievable. Baird reiterates its Outperform rating and $59 price target.
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.