Abercrombie & Fitch 2000 Annual Report Download

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Abercrombie &Fitch

Table of contents

  • Page 1
    Abercrombie & Fitch

  • Page 2
    ... of Income 18 Consolidated Balance Sheets 19 Consolidated Statements of Shareholders' Equity 20 Consolidated Statements of Cash Flows 21 Notes to Consolidated Financial Statements 22 Report of Independent Accountants 30 Corporate Information 31 Corporate Officers and Board of Directors 32 3

  • Page 3
    4 5

  • Page 4
    ... content for our target customer. On-line shopping offers most items you'll find in the stores and we're continually enhancing the site so that it's easier to use. In 2000 we successfully began to sell kids merchandise over the Internet and more than tripled our adult e-commerce business. A&F has...

  • Page 5
    ... Information Total Assets Return on Average Assets Capital Expenditures Long-Term Debt Shareholders' Equity (Deficit) Comparable Store Sales Increase (Decrease) Retail Sales Per Average Gross Square Foot Stores and Associates at End of Year Total Number of Stores Open Gross Square Feet Number...

  • Page 6
    ... in comparable store sales. The increase was also due to planned one-time expenses related to the Company's move to a new home office and distribution center. The increases were offset by tightly controlled headcount additions, travel expenses, store payroll hours, outside services and compensation...

  • Page 7
    ... in new women's categories, including underwear, gymwear and fragrances. The inventory increase is also due to the timing of spring deliveries as a result of the 2000 fiscal year having 53 weeks. Additionally, cash used for income taxes increased due to the timing of income tax payments. The Company...

  • Page 8
    ... per share amounts) Net Sales Cost of Goods Sold, Occupancy and Buying Costs Gross Income General, Administrative and Store Operating Expenses Operating Income Interest Income, Net Income Before Income Taxes Provision for Income Taxes Net Income Net Income Per Share: 2000 $1,237,604 728,229...

  • Page 9
    ... of Treasury Stock Net Income Tax Benefit from Exercise of Stock Options and Vesting of Restricted Stock Stock Options, Restricted Stock and Other Balance, January 29, 2000 Capital Expenditures Proceeds from Maturities of Marketable Securities Purchase of Marketable Securities Note Receivable...

  • Page 10
    ...photographs or publications first appear. Catalogue and advertising costs amounted to $30.4 million in 2000, $30.3 million in 1999 and $24.9 million in 1998. STORE PREOPENING EXPENSES Preopening expenses related stores including, but not limited to, hangers, signage, security tags and point-of-sale...

  • Page 11
    ... 5. LEASED FACILITIES AND COMMITMENTS Annual store to conform with current year presentation. 3. ADOPTION OF ACCOUNTING STANDARDS In the fourth quarter 2000, the Company adopted Emerging Issues Task Force ("EITF") No. 00-10 "Accounting for Shipping and Handling Fees and Costs" which changed its...

  • Page 12
    ... in May 2001. The agreement for transportation and logistics services will 26 Corporate charges Store leases and other occupancy, net Distribution center, IT and home office expenses Centrally managed benefits Interest charges, net The Company does not anticipate that costs incurred to replace the...

  • Page 13
    ... accounts under street name, A&F estimates the shareholder base at approximately 65,000. MARKET PRICE INFORMATION The following is a summary of A&F's sales price as reported on the New York Stock Exchange ("ANF") for the 2000 and 1999 fiscal years: Sales Price High 2000 Fiscal Year 4th Quarter...

  • Page 14
    ..., contact: Investor Relations & Corporate Communications Abercrombie & Fitch P .O. Box 182168 Columbus, Ohio 43218 You may also contact us by sending an e-mail to [email protected] or by visiting the Investor Relations section of the Company's web site. STOCK TRANSFER AGENT...

  • Page 15
    ...Shahid & Company Photography: Bruce Weber Printing: Superior Graphics Chairman and Chief Executive Officer RUSSELL M. GERTMENIAN Partner, Vorys, Sater, Seymour and Pease LLP JOHN A. GOLDEN Retired Partner, Goldman, Sachs & Company ARCHIE M. GRIFFIN Associate Director of Athletics, The Ohio State...