The American clothing retailer Abercrombie & Fitch may open its first store in the Russian retail market, in Evropeysky shopping centre in Moscow. Currently, the company is negotiating with the administration of the mall about the rental of premises. It is not certain, however, whether the company will operate the store on its own or by a franchisee.
In September 2010 Abercrombie & Fitch operated 1,104 retail outlets all over the world. In H1 2010 the company’s revenues amounted to $1.4bn.
The company was founded in 1892. It operates in the mid-price segment and currently offers such brands as Abercrombie & Fitch, Abercrombie Kids, Gilly Hicks and Hollister.
http://www.russiaretail.com/94456/Abercrombie___Fitch_close_to_entering_Russia.shtml
Tags: abercrombie, buyer, clothing, conference, fashion, moscow, retail, russia
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