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Fashion Jobs
THE BANYAN HR CONSULTS
Merchandising Manager For a Seamless Garments Textile co at Coimbatore
Permanent · Coimbatore
OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Vapi
GOKALDAS EXPORTS LTD
sr. Manager - Technical - Garments Industry Background
Permanent · Bengaluru
NIKE
Lead Technical Product Manager, ed&a – Apla
Permanent · Bengaluru
NIKE
Senior Security Incident Responder – Cis
Permanent · Bengaluru
FAABIIANA
Executive For Online Product & Order Management
Permanent · NEW DELHI
FAABIIANA
Customer Sales Executive (Female)
Permanent · NEW DELHI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Category Manager/sr. Manager-Institutional Sales - Garments Industry
Permanent · Bhiwandi
NIKE
Senior Technical Product Manager, Inventory & Order – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Finance – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Core Erp – Apla
Permanent · Bengaluru
OMREELS BIOSCOPE PVT LTD
Senior Executive Ecommerce
Permanent · MUMBAI
NIKE
Senior Technical Program Manager, Marketing Tech – Dtpo
Permanent · Bengaluru
NIKE
Service Delivery Manager, Operations Center – Tech Ops
Permanent · Bengaluru
NIKE
Director, Security Solutions & Delivery – Cis
Permanent · Bengaluru
NIKE
HR Manager - Nike India Technology Centre
Permanent · Bengaluru
NIKE
Financial Controller - India
Permanent · Bengaluru
NIKE
Software Engineering Manager, Finance & Procurement Technology – cf&c
Permanent · Bengaluru
NIKE
Service Delivery Manager, Sap & Omdl (Order Management & Delivery) – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, Batch & bi – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, HR/Finance & Payroll – Tech Ops
Permanent · Bengaluru
NIKE
Senior Cyber Security Analyst – Cis
Permanent · Bengaluru
By
Reuters
Published
May 26, 2017
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Hollister a bright spot in Abercrombie's first quarter

By
Reuters
Published
May 26, 2017

Abercrombie & Fitch Co, which has put itself up for sale, posted a smaller-than-expected drop in same-store sales, helped by strong demand for surfwear brand Hollister.

Shares of the teen apparel retailer, for which rival American Eagle Outfitters Inc and private equity firm Cerberus Capital Management are reportedly planning to bid, rose 10 percent to $14.18 on Thursday.



Hollister same-store sales grew 3% for the first quarter. - Hollister



Apparel retailers, including Abercrombie, have been hurt by fierce competition from fast-fashion retailers such as H&M and Inditex's Zara as well as from online retailers such as Amazon.com Inc.

Same-store sales for the company's Hollister brand, which has remained flat for two years, rose 3 percent in the first quarter ended April 29, while analysts polled by research firm Consensus Metrix had expected it to grow a mere 0.8 percent.

After struggling to turnaround sales as millennials shunned its risqué advertising and large-logo apparel, Abercrombie, in 2014, said it would revamp Hollister as a fast-fashion brand to compete with rivals such as H&M and Zara.

"While we anticipate the second quarter environment to remain promotional, we expect results to improve further in the second half of the year," Chief Executive Fran Horowitz said on a call.

The company said its same-store sales in the current quarter would remain challenging and gross margins would come under pressure due to falling mall traffic and higher promotions due to price competition.

Sales at established stores fell 3 percent in the first quarter, but beat the 3.4 percent decline expected by analysts, according to research firm Consensus Metrix.

The company had hired investment bank Perella Weinberg Partners to field takeover interest from other retailers earlier in May.

Private equity firm Cerberus Capital and American Eagle are working on a joint bid for Abercrombie, the Wall Street Journal reported on Wednesday.

Abercrombie's net sales fell 3.6 percent to $661.1 million. Analysts on average had expected $651.3 million, according to Thomson Reuters I/B/E/S.

Excluding charges on taxes and asset impairment, the company lost 71 cents per share, missing the analysts' average estimate by a cent.

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