Fashion
UK’s Abercrombie & Fitch Q2 sales up 7%, lifts FY25 outlook
Abercrombie & Fitch has reported second quarter (Q2) fiscal 2025 (FY25) results for the period ended August 2, 2025, with net sales rising 7 per cent to $1.2 billion.
Regional growth was led by an 8 per cent increase in the Americas and 12 per cent in APAC, offsetting a 1 per cent decline in EMEA. Comparable sales grew 3 per cent overall. By brand, Hollister surged 19 per cent to $656.7 million, while Abercrombie declined 5 per cent to $551.9 million.
Reported net income per diluted share rose to $2.91 from $2.50 a year earlier, while adjusted non-GAAP EPS declined to $2.32 from $2.50, reflecting the absence of last year’s foreign currency benefit.
Operating income reached $207 million on a reported basis, versus $176 million in Q2 FY24, with adjusted non-GAAP operating income at $168 million. Reported operating margin improved to 17.1 per cent of sales, compared to 15.5 per cent last year, while adjusted operating margin was 13.9 per cent, the company said in a financial release.
“We delivered record second quarter net sales, exceeding our expectations, with 7 per cent growth to last year. We continued to drive meaningful engagement with our teen customer in Hollister brands, growing 19 per cent on strong summer and back-to-school demand. While we made progress on key inventory initiatives by leveraging promotions and testing new product concepts, Abercrombie brands net sales were down 5 per cent, lapping 26 per cent growth in the prior year. On the bottom line, we exceeded our second quarter profitability expectations, while also returning $50 million to shareholders through our sixth consecutive quarter of share repurchases,” said Fran Horowitz, chief executive officer.
The company raised its fiscal 2025 full-year outlook, projecting net sales growth of 5–7 per cent, compared to 3–6 per cent previously. Operating margin is now expected between 13–13.5 per cent, with net income per diluted share in the $10–$10.5 range.
Capital expenditures are estimated at about $225 million, above earlier guidance of $200 million, with real estate plans unchanged at roughly 40 net store openings, 60 openings and 20 closures, and 40 remodels or right-sizings.
For the third quarter, Abercrombie forecasts 5–7 per cent sales growth, an operating margin of 11–12 per cent, and EPS between $2.05 and $2.25.
“We entered the second half of 2025 on offense. We are increasing our full year net sales outlook, reflecting our strong positioning and growth trajectory, building on record 2024 results. Our team remains focused on delivering for our customers while investing to capitalise on the significant, long-term opportunities for our global brands,” Horowitz added.
Abercrombie & Fitch has posted Q2 FY25 net sales up 7 per cent to $1.2 billion, led by Americas and APAC offsetting a 1 per cent EMEA dip.
Hollister rose 19 per cent to $656.7 million, while Abercrombie fell 5 per cent to $551.9 million.
EPS was $2.91.
Operating margin improved to 17.1 per cent.
The retailer raised FY25 outlook to 5–7 per cent sales growth and EPS of $10–$10.5.
Fibre2Fashion News Desk (HU)
This was announced by Nigerian minister of innovation, science and technology Uche Geoffrey Nnaji during Nigerian President Bola Ahmed Tinubu’s state visit to Brazil, where the MoU was signed.
Nigeria and Brazil recently signed an MoU in science, technology and innovation to strengthen biotechnology cooperation to boost sustainability, traceability and productivity of cotton cultivation in Nigeria.
Nigeria will leverage Brazil’s experience in crop circle optimisation, pest resistant technologies and seed performance trails, and also access Brazilian Cotton Association’s research data.
He said that Nigeria will leverage Brazil’s experience in crop circle optimisation, pest resistant technologies and seed performance trails, and also access Brazilian Cotton Association’s (ABRAPA) research data, an official release from Nigeria’s Federal Ministry of Information and National Orientation said.
Nigeria’s National Biotechnology Development Agency, National Space Research and Development Agency and Energy Commission of Nigeria will benefit from such shared Brazilian data, the release added.
Fibre2Fashion News Desk (DS)
Published
September 4, 2025
Very Group’s star e-tail site Very has just unveiled its brand new own-brand fashion line with the company debuting the Very Collection on its webstore on 4 September.
The company said it’s “the evolution of the digital retailer’s own-brand fashion ranges” that have been “modernised with elevated design elements, quality staples and new capsule trend collections”. It has also wrapped two of its existing own-labels (V by Very and Everyday) into the new offer.
It comes as consumer research from Very shows that more than half (51%) of women “feel more confident when they have a set of versatile, go-to pieces, and almost three-quarters (72%) agree a curated wardrobe of quality staples makes dressing each day simpler and more enjoyable”.
The AW25 launch “marks a new chapter for Very’s own-brand offering” we’re told. “Curated with intention, it champions a foundation of timeless wardrobe essentials, refined seasonal staples, and modern accents”.
Very also said the new offers is “bolder and showcases a trend-focused aesthetic, helping to diversify the online retailer’s own-brand fashion range spanning women’s, men’s, and kids”.
And it means the retailer’s own-brand product range options have risen by 15% year on year. Prices for the new offer range from £4 up to £250 and the pieces “will provide trend-led capsule collections focusing on head-to-toe dressing”.
Trading director Victoria Nelson said the company has “elevated our quality levels, and the new own-brand collection aims to improve our fashion and design credentials by delivering much loved wardrobe staples alongside new season trend must-haves”.
The launch is being promoted via the latest Haus of Flamingo campaign, dubbed The Exhibition, that also kicks off on Thursday. It follows Very’s “flock as they step into an art exhibition filled with flamingo-inspired art and fashion. By the end of the story, they themselves have transformed into a stunning work of art. The creative setting indicates quality, style and design which is at the heart of The Very Collection”.
Included is a hero 30-second TV advert, complemented by shorter versions and a wide range of social-first and influencer-led content.
The group’s chief commercial and strategy officer, Sam Wright, called the launch “the natural next step for our own-brand proposition, it brings together fashion fundamentals and the finishing touches to complete any look. Alongside introducing fresh and exciting ranges, the new collection brings together the much-loved V by Very and Everyday brands under one revitalised offering. This means customers can still find their favourite products while discovering something new. Enhancing our own-brand range is a key part of how we help families get more out of life, and we’re excited to continue building on this over the next 12 months as we expand the collection into other categories.”
Copyright © 2025 FashionNetwork.com All rights reserved.
Published
September 4, 2025
LuxExperience is continuing to work on the integration of its legacy Mytheresa business and its acquired Yoox Net-A-Porter (YNAP) operations into its group set-up and has announced “significant efficiency and structural improvements”, meaning around 700 job cuts at the latter.
The company said the planned measures are part of its overall transformation plan after acquiring YNAP in April. The changes will be achieved by “simplifying the business and using shared infrastructure where appropriate”. And it added that Net-A-Porter, Mr Porter, Yoox and The Outnet should “regain growth and financial strength after years of decline”.
The plan is “to serve customers better and more efficiently” so “select operational and administrative structures” within the luxury segment (that is, Net-a-Porter and Mr porter), as well as the off-price segment (Yoox and The Outnet) in Italy, the UK, the US and other jurisdictions “will be consolidated”.
That will mean a partial reduction of the workforce across several sites that “may affect approximately 700 employees”.
But that doesn’t mean a mass movement of HQs. The company added that it “remains fully committed to Italy and the United Kingdom as the respective headquarters of its newly acquired store brands”. Italy will remain a long-term operational hub for LuxExperience and the HQ for Yoox, while Net-A-Porter, Mr Porter and The Outnet will still have their HQ in the UK. “The teams in the different brands are integral drivers for returning to growth and financial strength after years of decline,” it explained.
The Germany-based business believes the moves “are a critical part of the overall transformation plan for YNAP that also includes significant investments in future growth through more customer-centricity, marketing spend as well as increased buying budgets, which aim to further solidify LuxExperience as the undisputed leader in global, digital luxury”.
The news is perhaps unsurprising given that acquisitions usually lead to efficiencies and consolidation, and given the lack of profitability at YNAP for some time. That was a situation that first led its former owner, luxury giant Richemont, into what became a long-term process to find a buyer. At one point it had struck a deal with another major name in the luxury e-tail space, Farfetch, to take it on. But that business’s own implosion and subsequent takeover by Coupang derailed that plan.
The takeover of Farfetch by Coupang, the acquisition by Frasers Group and subsequent closure of Matchesfashion, and the purchase of YNAP by Mytheresa’s parent and then its evolution into the LuxExperience Group underlined the problems faced by luxury e-tailers this century.
But it also left LuxExperience in a powerful position. It now owns three of the key luxury brands e-tail brand covering in-season retail, as well as two of those for the high-end off-price segment.
The former MYT Netherlands Parent BV changed its name to LuxExperience in January this year to reflect that status. Since then it has announced a raft of leadership changes at its acquired brands.
The challenges it faces have been very clear this year as the luxury slump has continued but in May, it reported Q3 results for the legacy Mytheresa operation with sales and adjusted EBITDA continuing to improve, although it acknowledged the “tough market environment”.
Copyright © 2025 FashionNetwork.com All rights reserved.
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