Regardless of the fact that Abercrombie and Fitch's earnings have been down 46% in the last month, they still plan to take on the task of opening flagship stores around the world including one in Paris. Abercrombie & Fitch has recently decided to open a flagship store on the Champs Elysees in Paris 2011. Last year Abercrombie opened its' first overseas store in London and first European Hollister store in a suburb of London last month.
The company has a positive outlook on the way things are going with their openings of flagship stores around the world including newly opened stores in Copenhagen and Tokyo, along with Abercrombie & Fitch and Abercrombie stores in Milan. The company is still looking into purchasing leases throughout Europe and Asia.
The international expansions started about 3 years ago. Abercrombie & Fitch are hiring qualified executives to oversee the international business growth. Toronto and Edmonton, Canada, was the first non-US store that opened the first year and now has several stores now. Abercrombie & Fitch see that international business will help them with their recent drop in earnings. Expanding their business is their best solution to growing their business.
-Katie Davidson
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