Abercrombie & Fitch is an American retailer that focuses on casual wear for consumers aged 18 to 22.It has over 300 locations in the United States, and is expanding internationally.The company also operates three offshoot brands: Abercrombie kids, Hollister Co., and Gilly Hicks. The company operated a post-collegiate brand, Ruehl No.925, that closed in early 2010.There have been three retailers called Abercrombie & Fitch and the current A&F shares only its name with the original business. Founded in 1892 in the Manhattan borough of New York City, New York, by David T. Abercrombie and Ezra H. Fitch, the original Abercrombie & Fitch was an elite outfitter of sporting and excursion goods, particularly noted for its expensive shotguns, fishing rods, and tents.In 1976, Abercrombie & Fitch filed for Chapter 11 bankruptcy, finally closing its flagship Manhattan store in 1977.The name was revived shortly thereafter, when in 1978–79, Oshman's Sporting Goods, a Houston-based chain, bought the defunct firm's name and mailing list. Oshman's relaunched A&F as a mail-order retailer specializing in hunting wear and novelty items. It also opened shops in Beverly Hills, Dallas, and (by the mid-1980s) New York City. Finally, in 1988, Oshman's sold the company name and operations to The Limited, a clothing-chain operator based in Columbus, Ohio.The current version of A&F sells mostly clothes instead of pith helmets or elephant guns, and describes its retailing niche as an aspirational "Casual Luxury" lifestyle brand.Especially since 1997, the company has consistently kept a high-profile in the public eye, due to its advertising, its philanthropy, and its involvement in legal conflicts over branding, clothing style and employment practices. The company has been accused of promoting the sexualization of pre-teen girls by marketing thongs to 10-year-olds and padded bikini tops to 7-year-olds.
Net income $ 150.283 million (2010)
Total assets $ 2.948 billion (2010)