Maybe boredom or avoiding cutting up next years firewood, I nibbled on a few shares of ANF this morning premarket @10.735, call me a sucker (g).
I do like the announcement this morning.
ABERCROMBIE & FITCH CO. ANNOUNCES PARTNERSHIP WITH ZALORA
GlobeNewswire•Apr 10, 2017, 8:46 AM
Comment
Abercrombie & Fitch Co. continues to grow wholesale business and partners with
Asia`s leading online fashion destination
New Albany, Ohio, April 10, 2017 -- Abercrombie & Fitch Co. ( ANF) announced today it has entered into a wholesale agreement with Asia`s leading online fashion destination, ZALORA. Starting next week, ZALORA will offer Hollister merchandise through its online stores, followed by Abercrombie & Fitch product launching later this month.
Founded in 2012, ZALORA has a presence in 11 countries, including Singapore, Indonesia, Malaysia & Brunei, the Philippines, Hong Kong and Taiwan. This partnership will provide Abercrombie & Fitch Co. access to more than 600 million of ZALORA`s online customers. ZALORA`s shopping experience provides several benefits to the customer including, quick deliveries, as fast as 3 hours in some markets, and up to 100-day free returns.
"We are looking forward to partnering with ZALORA to build on our strong base of loyal customers across Southeast Asia," said Fran Horowitz, Chief Executive Officer of Abercrombie & Fitch Co. "We work hard to connect with customers wherever, whenever, and however they prefer to shop and we continue to invest in relationships and innovation to support that."
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