The only two really bright spots in Abercrombie & Fitch’s future appear to lie in its international stores (up 17% in the recent quarter) and its on-line sales (up 50%). The company did not release the monthly data in international stores, but management admit housing sales growth is mainly export expansion. The company overseas outlets 28 the end of 2009, and intend to let 52 home by the end of 2010. This may be a $1 billion revenue opportunity said, but the most important is, this expansion occurred in Europe and Japan, where the consumer outlook is not especially bright. We were told to management of higher gross these markets, but they didn't break our total revenue, which means that, at this point, net income also do not appear materials.
Directly to consumers said store cannibalizing business may be to a very significant degree, so of course is not fair to judge the foundation, the company completely its store performance. In fact, according to company disclosed growth figures, Internet revenues could rise to about 34 per cent of the total, from about 26% during the quarter a year before. But this raises a disturbing problem: if, management seems to believe, store brands in domestic market reached saturation, how far can saturation is direct - after sell channel?
Meanwhile, being investigated by the shareholder said, on the basis of an executive compensation watchdog group. Obviously, chief executive Michael Jefferies was paid $37mn to run this company each year than anyone else would have run it. I have not confirmed that figure, but if it is true, Jefferies spent more than 10% of the total net profit period problems. That's right.
Directly to consumers said store cannibalizing business may be to a very significant degree, so of course is not fair to judge the foundation, the company completely its store performance. In fact, according to company disclosed growth figures, Internet revenues could rise to about 34 per cent of the total, from about 26% during the quarter a year before. But this raises a disturbing problem: if, management seems to believe, store brands in domestic market reached saturation, how far can saturation is direct - after sell channel?
Meanwhile, being investigated by the shareholder said, on the basis of an executive compensation watchdog group. Obviously, chief executive Michael Jefferies was paid $37mn to run this company each year than anyone else would have run it. I have not confirmed that figure, but if it is true, Jefferies spent more than 10% of the total net profit period problems. That's right.
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