AboutAbercrombie & Fitch Co. Abercrombie & Fitch Co.(NYSE: ANF) is a leading, global specialty retailer of apparel and accessories for Men, Women and Kids through three renowned brands. Abercrombie's gross margins rose 570 basis points to 61%, benefiting from lower freight costs and its efforts to control promotions. Investor Relations. The collection was exclusively created by BIPOC Ultimately, its really about using your businesss platform for good and finding ways to make a meaningful impact through partners that will support you on your path to doing so. At a corporate and brand level weve engaged several strategic partnerships to help us achieve broader sustainability goals to help strengthen communities around the world while reducing our environmental footprint. For our business, the key is finding authentic ways to do that. Ultimately, we are committed to taking stock of how we affect and project into the world. to support the factory to prevent reoccurrence. The Abercrombie & Fitch's Brand Reinvention Download the Case Study Helpline officers validate and confirm reported issues. Following the audit, factories are assigned specific grades based on findings. Abercrombie & Fitch Co. is striving to source more sustainable fibers in key commodities, including cotton, polyester, down, wool and viscose. Diversity. See the latest news and events on Instagram and connect with us on LinkedIn Website Terms Of Use | Privacy Notice | 2023 - Abercrombie & Fitch Co | All Right Reserved, Factory with minimal number of findings or zero findings, Factory with minor findings that can be addressed in a short period of time (e.g. As a member of Better Cotton, were committed to improving cotton farming practices. ESG & sustainability info for Abercrombie & Fitch Co. - CSRHub To date, we've raised over $4 million with our customers for The Trevor Project, the leading suicide prevention and crisis intervention organization for LGBTQIA+ young people. Along with our approximately 30,000 global associates, I look forward to continuing this important work to make a greater impact on the communities in which we operate. Were a Cotton LEADS Partner and supports its mission to advance sustainable cotton production in the U.S. and Australia. 2021 ANNUAL REPORT 2 Abercrombie & Fitch Co. is a leading, omni-channel specialty retailer of apparel and accessories for men, women and kids through ve global brands. The apparel retailer has worked to increase its stock across all its labels and lure affluent Americans to purchase for a variety of items including dresses, cargos and formal pants as people return to social gatherings and office work. Consumers have been diversifying somewhat out of denims, said CEO Fran Horowitz, adding "this non-denim bottom trend that we're seeing is really terrific.". Our intention is to create a sense of belongingto empower all voices and make an impact by generating funding, enabling change and sharing the experiences of underrepresented communities. This is why reinforcing sustainability and resilience in our supply chain is paramount, and were proud to say weve made great strides, and will always be working to improve this. At the brand level, we encourage a culture of belonging and our brands celebrate the individuality and authenticity of our associates, customers and global communities. Monitoring and making recommendations to the Board as appropriate with respect to the Company's policies related to environmental and social matters. Add Files. After the Audit After each supplier assessment, the Sustainability team at Abercrombie & Fitch Co. reviews the audit report and assigns a rating. Name Variants for Abercrombie & Fitch Co. Alternate names. Steve Fund. Bribery and refusal by a factory to be audited are considered a zero tolerance finding, and, if found, A&F Co. will stop business with the factory. 2014 Annual Report 1.4 MB. NEW ALBANY, Ohio, April 22, 2020 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF), a leading, global specialty retailer of apparel and accessories, today announced it has partnered with. With trust in large institutions including government and organized religion at an all-time low, consumers and a brands employees are looking for environmental, economic and social justice issues to be addressed by the brands they trust and do business with. Better Cottons mission is to help cotton communities survive and thrive, while protecting and restoring the environment. Investor_Relations@anfcorp.com. Once the garments are received and processed by thredUP, customers will earn Abercrombie & Fitch or Hollister gift cards ultimately gaining credit for future purchases while keeping clothes out of landfills. Steve Fund. Insights into Abercrombie & Fitch. Our Commitment to Were also a Better Cotton member. Man-made cellulosic fiber (MMCF) is typically made of dissolved wood pulp and more commonly known as viscose, lyocell, rayon and/or modal. Over the last couple of years, we've also sourced roughly 19,000,000 pounds of cotton from Better Cottonthe world's leading sustainability initiative for cotton farming. Were proud to continue our decade-long partnership and on-going annual The retailer has since moved away from the industry and firmly placed itself in high street fashion. Fran HorowitzCEO, Abercrombie & Fitch Co. Abercrombie & Fitch Co. begins Human Rights program, A&F Co. initiates Environmental Sustainability Program, First Social Responsibility Report published. We embrace diversity in all its forms. intervention organization for LGBTQIA+ young people. I verify that I am at least 16 years of age, and I have read and agree to the A&F Club Terms (with consent to receive Club marketing emails), Website Terms of Use, and agree to the processing of my personal data as described in the Privacy Policy. We are dedicated to fostering equity and well-being for all, and we support causes that are important to not only these generations, but also to our company as a whole including social and racial justice, mental health, sustainability, and more. demonstrate our commitment to having an enduring positive impact on Please try again or send a new temporary password below. If the factory still has compensation issues on the third consecutive audit, they will fall into our remediation program which requires in person factory visits from our sustainability team. We partner with down suppliers to comply with Textile Exchanges Responsible Down Standard . Continuous Improvement - Abercrombie - Social Tourist On an adjusted basis, Abercrombie reported a profit of 39 cents per share, compared with estimates of a loss of 5 cents. A&F Co. will collaborate with the agents/vendors to determine corrective action steps, timeline and emergency procedures, as well as work with the factory to resolve the issues. "(Abercrombie) is no longer just a jeans and T-shirt business," Horowitz said on a post-earnings call. A&F Co. sustainability team will monitor progress and may schedule in-person or e-learning training. did not conduct safety refresher training to workers regularly, etc. AAFA/WRAP Guidance for the Continue Safe Operation of Factories During COVID-19) to countries that have been dramatically affected by COVID-19 such as Bangladesh, Cambodia, India, Sri Lanka and Vietnam. Abercrombie & Fitch Co. ("A&F"), a company incorporated in Delaware in 1996, through its subsidiaries (collectively, A&F and its subsidiaries are referred to as the "Company" and "we") is a global multi-brand omnichannel specialty retailer, which primarily sells its products through its wholly-owned store and direct-to-consumer channels, A&F Co. sourced 23% of its cotton supply through Better Cotton in fiscal year 2022*. Our vendor partners are committed to sustaining best practices, with ongoing guidance from leading brands, as well as third-party auditing firms, and are now in partnership with Nirapon. He holds a post-graduate degree in international relations and area studies and has previously worked as a research analyst. Sustainability Magazine is a Digital Community for the global sustainability space that connects the worlds most sustainable brands & projects and their most senior executives with the latest trends as the sustainability market pivots towards technology and digital transformation. Fran Horowitz, Chief Executive Officer at Abercrombie & Fitch Co., has expressed the companys excitement about the new role. ANNUAL REPORT 2020 2 O Brands ABERCROMBIE & FITCH BELIEVES EVERY DAY should feel as exceptional as the start of a long weekend. Abercrombie; Abercrombie . Abercrombie & Fitch Co. ("A&F"), a company incorporated in Delaware in 1996, through its subsidiaries (collectively, A&F and its subsidiaries are referred to as the "Company" and "we") is a global multi-brand omnichannel specialty retailer, which primarily sells its products through its wholly-owned store and direct-to-consumer channels, Lopez brings his experience from his previous roles that have allowed him to develop diversity strategies in organisations like Hewlett Packard Enterprisehis previous employer, Diageo, and Alcoa. Abercrombie & Fitch Co. is striving to source more sustainable fibers in key commodities, including cotton, polyester, down, wool and viscose. 115 reviews from Abercrombie & Fitch employees about Abercrombie & Fitch culture, salaries, benefits, work-life balance, management, job security, and more. Abercrombie has recently taken on a new sustainability lead. During the pandemic, A&F Co. remain in constant communication with our suppliers to ensure new health and safety measures are being implemented. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. In this report, I will describe and analyze Abercrombie and Fitch's current CSR policies and activities, and provide recommendations to improve the company's brand image.
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