Find in the news:
BY COUNTRY

Abercrombie & Fitch Keeps Flagship Store on 5th Avenue



American lifestyle brand Abercrombie & Fitch will keep its flagship store on 5th Avenue in New York City for at least another year.
Abercrombie & Fitch

American lifestyle brand Abercrombie & Fitch will retain its flagship store on 5th Avenue in New York City for at least another year, Bloomberg reports. Positive news came after the publication of the latest financial report of the company, which recorded an increase in sales. Earlier it was planned that in the middle of 2020, the flagship store would be closed and moved a few blocks south, closer to the store Hollister. 

According to Fran Horowitz, CEO of Abercrombie & Fitch, the decision to maintain the flagship store was also influenced by the possibility of signing a short-term lease agreement, which would benefit both parties. Despite this, the brand is gradually abandoning its best locations as consumers increasingly go online.


"It's hard to understand what's going on on on Fifth Avenue, but consumer traffic is still there, and we want to take advantage of those opportunities," said Horowitz. Also, the flagship is part of the brand's digital strategy, allowing it to accept and serve a large number of online orders. Earlier it became known that sales of the brand exceeded forecasts, as a result of which the company's shares went up by 10%. 


More about shopping malls in the USA

Apr 3, 2020, Russia:
IKEA introduced a gallery of backgrounds for video calls that are becoming increasingly popular when working from home.
Apr 3, 2020, Germany:
Faced with an extremely adverse reaction, Adidas apologized and said it would still pay rent for April.
Apr 2, 2020, USA:
The WeWork network of coworkers has started offering tenants to halve their rents, provided they sign a lease agreement for several months.
Mar 31, 2020, France:
The brand will refocus some of its production capacity on producing masks and other protective equipment to join the global fight against the pandemic.
Mar 30, 2020, Germany:
Several major retailers in Germany have decided to stop paying rent for stores that are forced to idle due to the coronavirus epidemic.
Mar 26, 2020, USA:
McDonald's restaurant chain is forced to revise the menu as the coronavirus spreads.
Friend
and Follow
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest Mall


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us