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Abercrombie swings to loss in Q2 but still tops Street
New Albany, Ohio – Efforts to change its merchandising and branding paid dividends at Abercrombie & Fitch Co., which reported smaller net loss and revenue decline than expected in the second quarter of fiscal 2015.
Abercrombie reported a net loss of $810,000, compared to net income of $12.9 million the same quarter a year earlier.
Revenue fell 9% to $817.8 million, from $890.6 million.
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West Elm to open its first in-store shop — in London
New York – In a first, West Elm, a Williams-Sonoma subsidiary, will make its products available outside of the brand’s own stores and website.
The Williams-Sonoma subsidiary said it has entered into a partnership with U.K. department store retailer John Lewis to open an in-store shop in the newly renovated John Lewis flagship on Oxford Street in London. The shop will open on Sept. 3, following the launch of a branded West Elm shop online at Johnlewis.com.
