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Fitch Co.
Company analysis
Agenda
Company Overview
Business Description
History
Industry and
competitors
Unique Sales strategy
Company Overview
Specialty retailer that sales casual apparel
Operates under 5 brands: Abercrombie & Fitch,
AbercrombieKids, Hollister and RUEHL and Gilly
Hicks: Sydney brands.
The company operates in the US, Canada, UK.
Operates 1039 stores worldwide (February 2008)
80,100 employees
WhatAbercrombie and Fitch
brands are you familiar with?
Abercrombie
Established July 1998
7-14-year-old age group
170 stores in US
“Classic cool” theme
Logo Moose
Hollister Co.
Established July 2000
14-18-year-old schoolers
455 stores in US and Canada
Theme “SoCal”
Logo Seagull
Abercrombie & Fitch
Established June 1892
Targets 18-22 year-old age group
357 stores
Theme “Casual Luxury”
Logo Moose
The RUEHL
Established September 2004
Targets 22-35 year adults
Operates 22 stores
Logo French Bulldog
Gilly Hicks: Sydney
Established January 2008
Operates 5 stores
Targets 18 and up
Logo Koala
Theme Australia
History
David T. Abercrombie established Abercrombie
Co. on June 1892
In 1904 wealthy Ezra Fitch became a co-owner
In 1909 issued and mailed 50,000 copies of 456-
page catalog
In 1917 A&F became the largest retailer in NYC
that sold sportswear
In 2006 A&F opened its first store in Canada, In
2007 first store in UK
Industry and Competitors
Retail Industry (Special Lines)
40,000 companies operate 90,000 stores
Summarized annual revenue $130 billion
Dominance of large companies
Slowdown in spending on clothing
Labor-intensive industry, high demand for qualified and
skilled sales reps
Two main sales seasons- fall (main for A&F) and spring
Whatare Abercrombie and Fitch
main competitors?
Industry and Competitors
Gap, Inc., The
Target Corporation Tommy Hilfiger
Gap, Inc., The Corporation
Limited Brands Urban Outfitters, Inc.
American Eagle Wet Seal, Inc, The
Outfitters, Inc. Aeropostale, Inc.
Benetton Group SpA
Competition
Targets Generation Y
Positioning strategy
involves the use of overt
sexuality advertising
appeal
http://www.youtube.com/watch?v=9dqEcKcadUE&NR=1
Unique Sales Strategy: Store Layout
comfortable armchairs
designed
Large photos on the
walls
extremely loud,
energizing trance and
dance songs
dimmed light
unique A&F’s scent in
the store
Unique Sales Strategy: Web site
Allows to download
music, e-post cards
Provide useful
information, FAQ
Shop online
Watch Abercrombie TV
Create ANFMail
accounts