Reuters
The teen apparel maker's same-store sales fell 10% in fiscal 2013, and in the most recent quarter, sales were down 7%.
The company is struggling to lure fickle teen shoppers, who are spending less on apparel than previous generations.
The company is taking three steps to bring back customers. They are:
1. Ditching the logo business. The company said on an earnings call Thursday that its logo business would be reduced to "practically nothing" in North American markets by next spring.This is a seismic change in Abercrombie's business strategy. Loud logos, as pictured below, have been central to the teen apparel maker's fashions for decades.
Reuters
Reuters
SEE ALSO: Abercrombie & Fitch Is Done With Logos
Read more: http://www.businessinsider.com/abercrombie-is-making-3-drastic-changes-2014-8#ixzz3C4o3441R
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