Latest news with #Abercrombie
Globe and Mail
2 hours ago
- Business
- Globe and Mail
Rising Costs Ahead: Can Abercrombie Hold the Line on Margins?
Abercrombie & Fitch Inc. ANF entered the first quarter of fiscal 2025 with strong sales momentum but with a strain on gross margins. Despite posting record net sales of $1.1 billion, up 8% year over year, the company saw its gross margin decline 440 basis points (bps). This deterioration was primarily due to elevated freight expenses and markdowns from carryover winter inventory within the Abercrombie brand. These factors forced ANF to lean more heavily on its operating leverage and efficiency gains to deliver an operating margin of 9.3%, down from 12.7% a year ago. The tariff environment added further weight to the company's profitability. ANF now assumes a 10% tariff on all global U.S. imports and a 30% tariff specifically on Chinese imports, resulting in an estimated $50 million margin headwind for fiscal 2025 despite mitigation efforts. While the company is not planning broad-based price increases, it continues to adjust its sourcing footprint and negotiate with vendors to preserve margins. Still, these adjustments will take time, and until then, the company's gross margin remains vulnerable. On the bright side, ANF's Hollister brand continues to outperform expectations, reporting a stellar 22% net sales growth driven by strong category performance and cultural alignment with its core teen customer. The strength of Hollister helped offset some of the weakness seen in Abercrombie brands, which faced a 4% decline in net sales due to promotional pressure and a tough comparison against last year's launch of the Wedding Shop. The company's agile operating model and ability to chase demand helped minimize inventory risk and position it for an expected rebound in the second half. Looking forward, management expects sequential improvement in gross margin as freight-related cost pressures ease and carryover inventory is worked through. While the road to margin normalization is challenged by factors like tariffs, ANF's strong brand equity, flexible supply chain and disciplined inventory management could enable it to weather the storm. However, with limited room to maneuver on pricing, any further cost escalation may pressure the company's ability to sustain recent profit growth. How ANF's Peers Navigate Rising Costs Like Abercrombie, American Eagle Outfitters AEO and Gap Inc. GAP are managing the pressures of elevated input and operational costs through agile supply chain strategies and margin-protection initiatives. AEO is taking a disciplined approach to inventory and cost management, much like ANF. The company has tightened its inventory buys and continues to reduce reliance on promotions by focusing on trend-right assortments and faster product cycles. To mitigate rising freight and sourcing costs, AEO is shifting more of its supply base closer to home and investing in logistics efficiency. AEO's ability to flex inventory levels and chase demand in-season mirrors Abercrombie's 'Read & React' playbook, enabling it to maintain healthy sell-throughs while minimizing markdown exposure. Gap, facing similar cost inflation challenges, is emphasizing supply-chain transformation and product margin enhancement. It has diversified its vendor base, accelerated nearshoring and focused on SKU rationalization to improve forecasting accuracy and lower logistics costs. Gap has prioritized full-price selling and cleaner inventories, particularly in brands like Banana Republic. In addition, the company is leveraging scale and technology to find cost efficiencies, aiming to rebuild margins without significantly raising prices. ANF's Price Performance, Valuation & Estimates Shares of Abercrombie have lost around 4.5% in the past three months against the industry's growth of 7.6%. From a valuation standpoint, ANF trades at a forward price-to-earnings ratio of 7.32X, significantly below the industry's average of 17.32X. The Zacks Consensus Estimate for ANF's 2025 earnings implies a year-over-year decline of 4.9%, whereas its 2026 earnings estimate implies year-over-year growth of 3.9%. The estimates for 2025 and 2026 have been southbound in the past seven days. ANF stock currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Abercrombie & Fitch Company (ANF): Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO): Free Stock Analysis Report The Gap, Inc. (GAP): Free Stock Analysis Report
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Travel + Leisure
9 hours ago
- Lifestyle
- Travel + Leisure
40 Best Breezy Linen Clothing Finds to Stay Cool This Summer—J.Crew, Quince, Gap, and More Are Up to 65% Off
Rejoice: It's officially linen season! The breezy fabric is one of my favorite fashion hacks for warm weather. It's as comfy as pajamas, with an elevated appearance that can suit any occasion. That's why it's a go-to style for every summer vacation. If your summer wardrobe needs a refresh, consider adding airy linen pieces to your closet. I found the most stylish linen pants, shorts, summer dresses, and more. Keep reading to shop the 40 best linen clothing finds from Quince, Gap, and more top retailers—up to 65 percent off. Linen pants are timeless, so if you invest in a quality pair, they'll be a go-to style for near-countless vacations. Whether you prefer flowy pants, pleated trousers, or a cropped pair, the following linen styles will keep you comfy and stylish all summer long. I've found some of the most stylish shorts on the market, all in breathable linen fabrics that will help you beat the heat. Shop nautical striped shorts, Abercrombie's mid-rise mini pair, and Everlane's work-ready pleated style—plus even more covetable pieces from $16. It doesn't get breezier than a linen dress. The following mini, midi, and maxi styles are perfect for hot summer days. If you're searching for a sophisticated option for dressier occasions, check out the Madewell Scoopneck Sleeveless Midi Dress. Prefer a beachier look? The Abercrombie & Fitch V-neck Linen-blend Mini Dress is a great option. For a dress that can do it all, check out the now-$60 Linen Utility Shirtdress. Plus, shop even more summery dresses below. When it comes to linen shirts, the possibilities are endless. We've found nearly every silhouette, including flutter-sleeve blouses, cropped tanks, button-down shirts, and more. Plus, shop my personal favorite, the Gap Linen Tie-front Shirt, for under $40 today. These linen skirts can be dressed up or down, so they're versatile enough to earn a spot in your travel capsule wardrobe. Shop colorful options like the Gap Linen-blend Mini Skort and patterned Abercrombie & Fitch Mid-rise Linen-blend Maxi Skirt, plus neutral staples like the Gap Linen-blend Midi Skirt and Open Edit Linen-blend Wrap Skort. These top styles include skorts, mini skorts, and maxi styles starting at $10. Love a great deal? Sign up for our T+L Recommends newsletter and we'll send you our favorite travel products each week.
Los Angeles Times
2 days ago
- Entertainment
- Los Angeles Times
What to wear this summer and the best L.A. vintage finds, according to stylist Bin X. Nguyen
Bin X. Nguyen came of age in the mid-2000s at the height of celebrity paparazzi culture, watching MTV, poring over Teen Vogue, and following icons like Paris Hilton and Nicole Richie from his bedroom in the suburbs of San Jose. 'Escaping the mundane life of suburbia was really what influenced my childhood,' Nguyen says. 'When I was 8 or 9, watching 'America's Next Top Model' with the icon that is Tyra Banks and watching 'Project Runway,' I was really inspired by fashion. You saw how glamorous and unglamorous fashion is, and somehow this world was so enticing to me.' 'The Devil Wears Prada' came out when Nguyen was a teen, which he describes as the 'catalyst' for his time as a fashion and culture writer at his college newspaper, and later, Santa Barbara Magazine. While he was there, he met stylists on the cover shoots. Between witnessing their creativity in real time and consuming media like 'The Rachel Zoe Project,' Nguyen decided to move to Los Angeles and begin his career as a professional wardrobe stylist. These days, Nguyen is known for styling everyone's favorite musicians, from Katseye to Role Model to Phoebe Bridgers, with plenty of actors in between — think Lana Condor, Jonathan Davis, Laysla De Oliveira and Alexandra Shipp. He stresses the importance of cultivating a sense of identity through style: 'I just want to create beautiful work that inspires people. At the end of the day, I want to make lasting images that people will reference.' He often pulls from his Vietnamese heritage, drawing from the layering of an áo dài while working. 'Referencing old Vietnamese photos of the '70s and '60s is really important to bring my culture to the forefront of fashion,' Nguyen says. 'Having little touches that speak to you, whether it be your jewelry or your hat or your scarves, all these things are important to you as a special, dynamic being.' Nguyen jokes that his personal style doesn't always give L.A. 'It's L.A., we live in athleisure. Don't get me wrong, when I do returns, I'm in athleisure. But when I go out, it's important to serve a look,' Nguyen says. 'You want to serve, as the girls say, c—. That's a part of L.A. that's very niche. L.A. people will go out in like jeans and a T-shirt, whereas I'm in vintage designer clothes and a 4-inch heel, you know?' My most memorable shoot was with an NBA player named Shai Gilgeous-Alexander. We shot in a hotel room super quick. I love a pop girl and an athlete — I think my dream clients are both. I just want to show off body and skin, and I want them to look ultra-cool. One shoot I'm most proud of is with Katseye for the cover of Teen Vogue. It's so special to work with a group of diverse girls, and they're so unique and talented. The aesthetic was the early 2000s, beachy, young, fresh, like Abercrombie. That's something that I grew up seeing all the time, like the models on the Abercrombie bags and going to Hollister and seeing their design. So they wanted to build that into this 2025 version of it, but diverse and cool. I think we definitely accomplished that. It was also a full circle moment for me because when I was 15 and 16, Teen Vogue was the magazine that I subscribed to. I would collect the copies every month and there's still a stack of them in my closet, so it's very exciting to have that moment now. A moment where I felt like I made it was getting to go to Pharrell's first runway show for Louis Vuitton. There was a choir that came out and sang this amazing song and Rihanna and ASAP Rocky were sitting across from me. Tears just started falling from my eyes, and I was like, this is part of the dream that I had of being a part of this life. Just to be welcomed into this space feels so crazy to me. Some of my dream people to work with are photographers like Steven Meisel and Inez & Vinoodh. I would love to make beautiful images with Nick Knight. In terms of celebrities, Zoë Kravitz, Bella Hadid, Nicole Kidman — but at the same time, I want to work with new talent like Tyla and Chappell Roan. They all have a sense of identity. I think it's so important to have your own style and your own personal creative ideas of what you want to look like. Those girls have really honed in and cultivated their identity. And when you look at something, especially if you look at a dress or a piece of art, and you associate that art or that garment with that girl. I want to create that with my own client one day. Three words to describe my own day-to-day style are sensuality, preppy and edgy. I love American sportswear. Ralph Lauren's a huge influence of mine, but there's always an edge to it. There's like a little secret that's elevated, and you are only going to know when they want to tell you. There's a mystery. An ideal day in L.A. is taking an hour to do a yoga class or go walk in the park. I hike once a week for two hours. I love my job, but it's also very important to take care of your mental health and be in nature and find gratitude. There's one called the Vermont Canyon Tennis Courts hike and you go all the way to Dante's Peak. As an Aries, my personal style is ever-changing because my personality is so spontaneous. You just want to do things all the time. You never stop. If you meet an Aries, they're like, 'Let's go here, let's do this, let's go there.' I think that plays into a lot of my work and my clothes. I'm always thinking, what can be different in terms of this image? My emotional support clothing item is a 4-inch boot. I'm not the tallest person — and when I wear my boots I'm still not the tallest person — but it brings in a feeling of confidence where I can stomp somewhere. Sometimes that's all you need, and it changes your posture, and you just feel like you can take anything down. If I was a cocktail, I would be a St. Germain Spritz. It's called a Hugo Spritz, but the core of it is St. Germain, Prosecco and club soda, and on a summer day with mint and lemon … It's so yummy. I wish I had some in my fridge. It is the most refreshing drink. And I'm anti-Aperol. It's all about Hugo, like you have to experience the Hugo Spritz. Your life will change. This summer, everyone will be wearing longer-length shorts. More people are wearing board shorts now, it's not above the knee anymore. And baby tees and Havaianas flip-flops. If last summer was brat summer, this summer is where I'm going to be really stupid for the last time. It's from personal experience. This is the last summer of my 20s. I just feel like I can get away with certain things in my 20s before I turn 30, so this summer is going to be crazy and stupid for me. When I turn 30 in April, it's going to be smart spring, like business savvy, strategically everything. But this summer is going to give, let's puke. Let's drink a s— ton of alcohol and puke, because I have one summer left to do that. The best vintage finds are at the Long Beach Antique Market. On the third Sunday of the month, there's this lady named Veronica. You will find the most incredible vintage. The look that I wore to the Vuitton show was from her vintage stall. And I love the Goodwill on San Fernando in Atwater Village where you buy by the pound. You literally have to come in with gloves and your headphones because it's such an intense experience, but it's so cheap and I have found gems from that Goodwill. It's so unserious for people to be like, 'Fashion is everything, fashion is my life.' Fashion is a major cause of global warming, and it can create a lot of damage in the world. It's not brain surgery, but you'll meet people that make it feel like brain surgery and that's when it's not fun anymore. I just want to have fun and create beautiful images. Something I wish people knew about the fashion and styling industry is that 75% is hard work and schlepping, you're carrying things all day, every day. It's a lot of logistics. But 25% is glamorous. There are moments where you're like, 'Wow, these spaces that I'm in are actually insane, and I'm so grateful to be here.' But the 75% is not fun or pretty. A lot of people don't know that when they get in, and they run from it really quickly. I do it because I love it and I'm inspired by it. It's something I've wanted to do my entire life, and I can attest to it with the amount of Teen Vogues in my closet in my childhood bedroom.
Buzz Feed
3 days ago
- Entertainment
- Buzz Feed
29 Affordable Clothing Pieces That Look Expensive
A pair of sneakers that are serving serious Adidas Samba vibes — minus the $100 price tag. With a rubber outsole for grip and breathable mesh lining to keep your feet cool, these are the shoes you'll throw on for coffee runs, wandering the flea market on a sunny Sunday, or that one casual date where you want to look effortlessly cool. (Because yes, they go with literally everything.) An embroidered gown if you've ever wanted to wear a Lirika Matoshi, but recoil at the $400 price. Its dreamy tulle, floral detailing, and puff sleeves will have heads turning when you're tearing up the dance floor at your friend's wedding. Plus, the lace-up back lets you customize the fit, while the built-in bra keeps things comfy. A sleeveless halter bodysuit so you don't have to splurge on one from Zara or Skims. This versatile piece goes with everything, and I mean everything: shorts, skirts, jeans, sweatpants, leggings, you name it. And it's slightly compressive (similar to shapewear), but without being too restrictive! Honestly, you might just want to stock up on a few colors now. A strapless, drop-waist maxi dress that's basically a dead ringer for that $120 Abercrombie one — just way easier on your wallet. It's got pockets (yes, real ones), silicone lining up top so it actually stays put, and a breezy fit that makes it perfect for hot, sticky weather. An affordable longline sports bra made from a very soft, stretchy material that's pretty similar to the Lulu Align tank. It's quickly become a staple in a ton of reviewers' wardrobes (with 30,000 5-star ratings to prove it), and many say they don't even wear a bra with this because of the supportive padding. It's so good, people are snagging it in different colors — and you'll probably want to as well. 😉 And a pair of lightweight legging-style joggers to complete your Lulu look. And just like the Lulu ones, these are breathable with a wide waistband for maximum comfort. You can wear them to work out, run errands, or just lounge in! A striped sweater set that not only feels like your favorite blanket but also looks straight out of a high-end boutique. The oversized top and high-waisted knit shorts are soft, breathable, and just structured enough to pass for "I tried" when you definitely didn't. It's the kind of set you throw on for a lazy Sunday, but decide it's stylish enough to wear out to brunch. An A-line midi dress with the same corset back as the House of CB version — but this is about four times cheaper! Now, you can live your cottagecore dreams in this Pinterest-perfect dress without spending a large chunk of your paycheck. A pair of knee-high boots that'll have people ooh-ing and ahh-ing, thinking you spent hundreds of dollars on the Staud Wally ones. But, no — you were smart and snagged an almost identical version for well under $100. A spandex-blend slip maxi dress if you've always wanted to try the Skims version but just don't have the budget for it. It's soft and breathable, and some reviewers even like it more than Skims! It's the kind of dress you throw on for a last-minute date and somehow end up looking like you had it planned all week. And a scoop neck top that's also giving Skims a run for their money. It's super soft with the perfect amount of thickness and stretchiness, making it the perfect versatile staple for your closet. A gorgeous open-back dress with a smocked bodice, ruffled bottom, and light, flowy fit that looks like something a mermaid would wear in human form. It's similar to dresses you'd find in a fancy boutique, and it's so breezy and swishy that you won't be able to resist twirling around. Cushionaire slides that you don't have to break in (I'm looking at you, Birkenstocks) — the flexible cork footbed and cushioned insole means that they are comfortable right out of the box! But if you don't believe me, look at the over 50,000 5-star over 1,000 reviews comparing the support to Birks. A pair of ~Dreamlux~ leggings made with a stretchy, buttery-soft fabric reviewers compare the quality to Lululemon's Align! If you've been looking for affordable, dependable leggings you can comfortably wear to the gym, running errands, and relaxing at home, then your search is over! Plus, a pair of popular cross-waist leggings that are lightweight, buttery soft, and stretchy — just like the Aerie ones, but without the Aerie price. These went viral for being an elevated version of the classic yoga pant thanks to the cute slits at the bottom and, of course, the iconic V-shaped waistband with a hidden pocket. A ridiculously comfortable oversize hoodie you might as well call your second skin, considering you'll never want to take it off. Reviewers love how it's warm without feeling stuffy and compare the quality to brands like Aritzia and Skims. A seamless shapewear bodysuit because Skims can be pretty pricey and this one comes impressively close to the OG in both quality and fit — all without making your wallet weep. It's made from thick, supportive fabric with four-way stretch and offers just the right amount of compression without feeling restrictive. A waffle weave "shacket" that's just as stylish as the one from American Eagle. It's the kind of thing you'll be glad to have when the sun sets and suddenly everyone's pretending they're not cold, while you're snuggled up in this. A pair of satin block-heeled dress shoes with the same elegant silhouette and pleated bow as those $$$ Loeffler Randall heels you've been eyeing. 👀 Reviewers have worn them to prom, weddings, engagement parties — one said they even wear them to church — so it's safe to say you'll definitely get more than your money's worth out of these. A pair of beloved stretchy faux-leather leggings that'll get you the chic leather pant look without the stuffy, constricting feeling. They'll be a huge lifesaver when your friend texts 'dress cute' before dinner and you've got 12 minutes to figure it out. They're comfy, sleek, and way more versatile than they have any right to be. A leopard-print slip skirt because the runway version is simply too much money. It's one of those rare pieces that somehow works for every occasion. The bias cut gives it the perfect drape, and the elastic waistband means it's as comfy as it is stylish. A ribbed button-up tank people will definitely think you got from Abercrombie & Fitch. It's the kind of elevated basic that turns a quick errand into a mini fashion moment — so don't be surprised if a stranger asks where you scored it while you're sipping your coffee. A cropped ruffled blouse with a tie in the back and (what I like to call) cottagecore sleeves. It looks great with all kinds of bottoms and even layered under a corset for the full fairytale look. The expensive boutiques that sell essentially the same shirt have some competition 👀. A pair of faux leather shorts for when a last-minute concert invite lands in your lap and you want to look effortlessly cool without stressing about your fit. The waist has adjustable strings, and the pockets are deep enough to hold a cellphone! If you want, you can lie and tell people you got these from Zara (we won't tell). A vintage-inspired bustier that looks like it's from House of CB, but nope! — good ol' Amazon. It's the top you pull out when you're headed to a friend's birthday dinner and want something that feels special without turning into a whole production. A pair of running shorts so you can save money *not* splurging on the Lululemon, Nike, or Under Armour versions. These are made from a soft, breathable fabric and have a thick, stretchy elastic waistband, and zippered pockets big enough to hold your phone, cards, and keys. A high-quality oversize cropped puffer jacket that has the Aritzia version shaking in its boots. It has insulation to help keep you toasty, elastic cuffs to help keep cold air out, and an adjustable waist drawstring so you can adjust the fit. Normally you'd have to spend some serious cash money for a coat this good, but this beauty is an exception! A Lululemon-inspired tennis skirt just perfect for cute athleisure 'fits. It has a sturdy elastic waistband so you don't have to keep pulling it up throughout the day *and* secret pockets built into the attached shorts. A fuzzy loungewear set with a matching top, pants, and cardigan, i.e. the perfect cozy outfit for relaxing indoors on chilly days. Reviewers say the material is soft and stretchy, making it *very* comfortable — many even compare the quality to Skims!
Yahoo
3 days ago
- Business
- Yahoo
JPMorgan Slashes PT on Abercrombie & Fitch (ANF) to $141, Keeps an Overweight Rating
Abercrombie & Fitch Co. (NYSE:ANF) is one of the 13 Most Undervalued Retail Stocks to Buy Right Now. On June 16, JPMorgan lowered the firm's price target on Abercrombie & Fitch Co. (NYSE:ANF) to $141 from $147, keeping an Overweight rating on the shares. The firm adjusted the company's model after management's roadshow. Despite the downward reduction, the firm believes in the company's potential to perform positively, reinforcing the overweight rating. A close-up of a customer trying on a piece of apparel in the retailer's spacious dressing room, emphasizing the company's focus on personal care and experience. In other news, Abercrombie & Fitch Co. (NYSE:ANF) reported record net sales in its fiscal Q1 2025 earnings, reaching $1.1 billion and exceeding outlook with an 8% growth. Net sales growth occurred across regions, with EMEA up 12%, Americas showing a 7% growth, and APAC rising 5%. Abercrombie & Fitch Co.'s (NYSE:ANF) results were supported by brand performance from Hollister, which grew 22%. Abercrombie brands, however, were down 4% compared to last year. Abercrombie & Fitch Co. (NYSE:ANF) is a global omnichannel retailer that offers an assortment of apparel, personal care products, and accessories for women, men, and kids. Its brand portfolio includes Abercrombie brands, which includes Abercrombie & Fitch and abercrombie kids, and Hollister brands, including Hollister and Gilly Hicks. While we acknowledge the potential of ANF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
