|Abercrombie & Fitch Announces Flagship Opening on Savile Row|
|LONDON, March 19, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- On March 22 at 10:00 a.m.
Abercrombie & Fitch (NYSE: ANF) will open a flagship at 7 Burlington Gardens.
This will be the Company's first European store.
Mike Jeffries, Chairman and Chief Executive Officer of Abercrombie & Fitch said, "We are thrilled by the opening of the London store, which will truly become a worldwide flagship. Its location in one of the most historic districts in the retail world will provide an extraordinary showcase for the Abercrombie & Fitch brand."
Dealing closely with English Heritage, the store has been developed as a sensitive restoration and conversion of a Grade II* listed building, originally built as a home in 1725. The structure has been added to and altered over its nearly 300-year history, yet architectural features from every stage remain, including the building's original staircase and the vaults from its incarnation as a branch of the Bank of England. The 18-month restoration project includes a series of carefully scaled design elements that unite the Abercrombie & Fitch brand environment with these historical attributes.
In 1892, Abercrombie & Fitch began as a small store and factory in New York City. David Abercrombie & Ezra Fitch were dedicated to selling only the highest quality camping, fishing and hunting gear. Distinguished clientele included Theodore Roosevelt, Admiral Robert Peary, Ernest Hemingway, the Duke of Windsor, Sir Ernest Shackleton, Presidents Eisenhower and Kennedy.
Abercrombie & Fitch seeks to outfit a new generation of spirited clientele in the United Kingdom.
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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 January 28, 2006, in some cases have affected and in the future could affect the Company's financial performance and could cause actual results for the 2007 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
Thomas D. Lennox, Vice President, Corporate Communications of Abercrombie &