|Abercrombie & Fitch Announces Flagship Opening in Copenhagen|
NEW ALBANY, Ohio, May 9 /PRNewswire-FirstCall/ -- Abercrombie & Fitch (NYSE: ANF) announced today that it will open a new flagship at Kobmagergade 11, Copenhagen, Denmark in 2009. This will be the Company's second flagship in Europe, following the successful 2007 opening of its London flagship. Consistent with its European expansion plans, Abercrombie & Fitch is also in the process of securing locations in Italy, France, Germany, Spain, and Sweden. The Company plans to open its first flagship in Asia, centrally located in Tokyo's Ginza district, in late 2009.
An important aspect of its international flagship strategy, Abercrombie & Fitch targets properties possessing architectural integrity. This approach emphasizes the Company's respect for excellent design as one of its key brand characteristics. The 16,000 square foot Copenhagen flagship was designed in the old neoclassical style typically found in Danish architecture when constructed in 1910. Abercrombie & Fitch flagships in New York and London have undergone similar large scale restoration projects.
The Copenhagen flagship will be designed by Selldorf Architects and its principal Annabelle Selldorf.
Abercrombie & Fitch was represented by its exclusive European real estate consultant PBS Real Estate LLC and its principal Laura Pomerantz.
The Company operated 353 Abercrombie & Fitch stores, 202 abercrombie stores, 457 Hollister Co. stores, 23 RUEHL stores, and five Gilly Hicks stores in the United States at the end of fiscal April. The Company also operated three Abercrombie & Fitch stores and three Hollister Co. stores in Canada and one Abercrombie & Fitch flagship in London, England. The Company operates e-commerce websites at www.abercrombie.com, www.abercrombiekids.com, www.hollisterco.com, and www.RUEHL.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
A&F cautions that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this Press Release or made by management of A&F involve risks and uncertainties and are subject to change based on various important factors, many of which may be beyond the Company's control. Words such as "estimate," "project," "plan," "believe," "expect," "anticipate," "intend," and similar expressions may identify forward-looking statements. The following factors, in addition to those included in the disclosure under the heading "FORWARD-LOOKING STATEMENTS AND RISK FACTORS" in "ITEM 1A. RISK FACTORS" of A&F's Annual Report on Form 10-K for the fiscal year ended February 2, 2008, in some cases have affected and in the future could affect the Company's financial performance and could cause actual results for the 2008 Fiscal Year and beyond to differ materially from those expressed or implied in any of the forward-looking statements included in this Press Release or otherwise made by management: changes in consumer spending patterns and consumer preferences; the effects of political and economic events and conditions domestically and in foreign jurisdictions in which the Company operates, including, but not limited to, acts of terrorism or war; the impact of competition and pricing; changes in weather patterns; postal rate increases and changes; paper and printing costs; market price of key raw materials; ability to source product from its global supplier base; political stability; currency and exchange risks and changes in existing or potential duties, tariffs or quotas; availability of suitable store locations at appropriate terms; ability to develop new merchandise; ability to hire, train and retain associates; and the outcome of pending litigation. Future economic and industry trends that could potentially impact revenue and profitability are difficult to predict. Therefore, there can be no assurance that the forward-looking statements included in this Press Release will prove to be accurate. In light of the significant uncertainties in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company, or any other person, that the objectives of the Company will be achieved. The forward-looking statements herein are based on information presently available to the management of the Company. Except as may be required by applicable law, the Company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.
SOURCE Abercrombie & Fitch