Abercrombie & Fitch has launched its inaugural store in East London, located in Spitalfields’ Horner Square, marking an expansion of its UK presence.
- The new outlet features a comprehensive selection of women’s and men’s collections in an inviting environment enriched with contemporary art.
- Innovative omnichannel services, including click-and-collect, are available to enhance customer convenience.
- Significant growth has been reported by Abercrombie & Fitch, with a notable rise in both operating income and net sales.
- The company has revised its full-year sales forecast upwards, reflecting its optimistic market outlook.
Abercrombie & Fitch has opened its first store in East London at Spitalfields’ Horner Square. This launch represents the brand’s continuous expansion in the United Kingdom, complementing its existing locations on Carnaby Street, Westfield White City, Battersea Power Station, and other notable destinations.
The Spitalfields store offers an extensive range of both women’s and men’s collections within an aesthetically pleasing atmosphere described as “a light and bright space.” Additionally, the store showcases a unique art installation featuring photographs from various locations across London, enhancing the shopping experience.
To meet the evolving needs of its customers, Abercrombie & Fitch has integrated omnichannel capabilities, including click-and-collect services. This innovation aims to provide a seamless shopping experience, bridging the gap between online and physical retail environments.
In the financial sphere, Abercrombie & Fitch has reported a 282% increase in operating income to $130 million (£102 million) for the quarter ending on 4 May. The brand’s net sales also experienced a 22% growth year on year, reaching $1 billion (£780 million), marking the highest recorded first-quarter sales in its history.
Buoyed by these results, Abercrombie & Fitch has adjusted its full-year sales projections, anticipating a 10% increase from the previous forecasted growth of 4% to 6%. This revision reflects the brand’s positive outlook for continued expansion and success in the market.
Abercrombie & Fitch’s new store in Spitalfields signifies a strategic step in enhancing its presence and service offerings in the UK market.
