Connecting to LinkedIn...

Strong Hollister sales drive A&F’s global growth

W1siziisijiwmtuvmdmvmjqvmjmvmjmvmzivndcxl2zpbguixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

US surfer fashion retailer Hollister saw like-for-like sales grow 12 per cent year-on-year in the fiscal quarter to July 30th 2011, with international trading in countries such as the UK particularly strong.

According to a statement published yesterday by parent company Abercrombie & Fitch (A&F), Hollister sales are also up 12 per cent in the year to date, helping drive group net sales 22 per cent to $1.75 billion (£1.08 billion) for the half.

Hollister has expanded steadily in the UK since opening its first store in London’s Brent Cross Shopping Centre in 2008, and the global popularity of this brand and its sister fashion labels A&F and Gilly Hicks has contributed to group international sales jumping 70 per cent to $427.6 million in the year-to-date.

“Sales for the quarter benefitted from a strong performance in stores open less than a year, including the new Abercrombie & Fitch flagship store in Paris,” today’s statement continued.

“Within the quarter, July was the strongest month.”

There are currently 19 Hollister stores located in the UK, but a further outlet will be opened next month in the new Westfield Stratford development in east London.

Primarily based in shopping centres in the UK, such as Bluewater in Kent and Birmingham’s Bullring, Hollister is part of a growing number of young US fashion retailers opening up on British soil.

Forever 21 opened its inaugural outlet in the UK in Birmingham in 2010, and unveiled a new store on London’s Oxford Street last week.

Published on Friday 05 August by Editorial Assistant

Articles similar to Hollister

Articles similar to Abercrombie & Fitch

comments powered by Disqus