What changed in this filing

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Item 1. Business

2025-03-31 compared with 2024-04-01 · 105 added, 108 removed, 195 unchanged (52% of the section changed)

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The Company offers a broad assortment of apparel, personal care products and accessories for men, women and kids, which are sold primarily through its Company-owned stores and digital channels, as well as through various third-party arrangements.

During the second quarter of Fiscal 2023, to leverage the knowledge and experience of our regional teams to drive brand growth, the Company reorganized its structure and now primarily manages its business on a geographic basis, consisting of three reportable segments:

The Company manages its business on a geographic basis, consisting of three reportable segments:

Europe, the Middle East and Africa (“EMEA”);

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Corporate functions and other income and expenses are evaluated on a consolidated basis and are not allocated to the Company’s segments, and therefore are included as a reconciling item between segment and total operating income (loss).

There was no impact on consolidated net sales, operating income (loss) or net income (loss) as a result of these changes.

All prior periods presented are recast to conform to the new segment presentation.

The Company’s brands include Abercrombie brands, which includes Abercrombie & Fitch and abercrombie kids, and Hollister brands, which includes Hollister and Gilly Hicks.

The Company’s brand families include Abercrombie brands and Hollister brands.

These brands share a commitment to offering unique products of enduring quality and exceptional comfort that allow customers around the world to express their own individuality and style.

The Company’s fiscal year ends on the Saturday closest to January 31.

This typically results in a fifty-two-week year, but occasionally gives rise to an additional week, resulting in a fifty-three-week year, as is the case in Fiscal 2023.

This typically results in a fifty-two-week year, but occasionally gives rise to an additional week, resulting in a fifty-three-week year, as was the case in Fiscal 2023.

Fiscal years are designated in the Consolidated Financial Statements and Notes thereto, as well as the remainder of this Annual Report on Form 10-K, by the calendar year in which the fiscal year commenced.

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Fiscal 2022 January 28, 2023 52

Fiscal 2023 February 3, 2024 53

Fiscal 2024 February 1, 2025 52

Fiscal 2025 January 31, 2026 52

For additional information about the Company’s business, see “ ITEM 7.

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FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA ,” of this Annual Report on Form 10-K.

Abercrombie & Fitch Co.

2023 Form 10-K

SEGMENT AND BRAND INFORMATION

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The APAC segment includes operations in the Asia-Pacific region, including Asia and Oceania.

The Company’s brands include Abercrombie brands, which includes Abercrombie & Fitch and abercrombie kids and Hollister brands, which includes Hollister and Gilly Hicks.

Brand Description

Abercrombie brands

Abercrombie & Fitch believes that every day should feel as exceptional as the start of the long weekend.

Since 1892, the brand has been a specialty retailer of quality apparel, outerwear and fragrance - designed to inspire our global customers to feel confident, be comfortable and face their Fierce.

abercrombie kids is a global specialty retailer of quality, comfortable, made-to-play favorites.

abercrombie kids sees the world through kids’ eyes and believe kids should feel exceptional every single day.

Hollister brands

The quintessential apparel brand of the global teen consumer, Hollister Co.

creates clothes made for capturing moments, creating memories and being unapologetically you.

At Gilly Hicks, we believe in energizing our minds, moods and bodies through movement every day.

That's why we offer active lifestyle products to help customers create happiness through movement.

The Company’s brand families includes Abercrombie brands and Hollister brands, each sharing a commitment to offer products of enduring quality and exceptional comfort that support global customers on their journey to being and becoming who they are.

Abercrombie strives to make every day more exceptional, creating a sense of getaway through its quality apparel, accessories and fragrance crafted for every occasion.

The Abercrombie brand family connects with customers through various supporting brands and assortment collections, including, but not limited to, Abercrombie & Fitch, abercrombie kids, and Your Personal Best (YPB).

Hollister creates quality apparel, accessories and fragrance made for capturing moments, creating memories and being unapologetically you.

The Hollister brand family connects with customers through various supporting brands and assortment collections including but not limited to, Hollister and Gilly Hicks.

Additional information concerning the Company’s segment and geographic information is contained in Note 17, “ SEGMENT REPORTING ” of the Notes to Consolidated Financial Statements included in “ITEM 8.

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STRATEGY AND KEY BUSINESS PRIORITIES

The Company remains committed to, and confident in, its vision of being a global, digitally-led, omnichannel apparel retailer and continues to evaluate opportunities and initiatives that support this vision as outlined in its 2025 Always Forward Plan, which was announced during the second quarter of Fiscal 2022.

While we have successfully executed certain goals in our 2025 Always Forward Plan, we plan to continue to focus on achieving sustainable performance results and on achieving other strategic goals outlined in the 2025 Always Forward Plan.

2025 Always Forward Plan

In June of Fiscal 2022, we announced our 2025 Always Forward Plan, which outlines our long-term strategy and goals, including growing shareholder value.

The Company remains committed to, and confident in, its vision of being a global, digitally-led, omnichannel apparel retailer and continues to evaluate corporate growth opportunities and initiatives that support this vision.

Foundation for Growth

The Company introduced the Always Forward Plan in June of Fiscal 2022.

The Always Forward Plan is anchored on our strategic growth principles, which are to:

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• Operate with financial discipline

The 2025 Always Forward Plan growth principles serve as a framework for the Company achieving sustainable and profitable growth and profitability in Fiscal 2024.

Below are some additional details specific to Fiscal 2024 objectives within the 2025 Always Forward Plan:

While the Company has significantly outperformed certain financial targets set forth in the Always Forward Plan, the growth principles continue to serve as a framework for the Company achieving sustainable and profitable growth and profitability.

The Company’s strategic priorities continue to evolve based on changing consumer demands and new strategic opportunities, and management reviews and prioritizes investments and strategic focus areas to address such demands and opportunities.

Execute focused growth plans by:

• driving sales growth across regions and brands primarily through marketing and store investment.

• using our playbooks globally to align the brands’ products, voices, and experiences with customers, both digitally and in-store;

• driving sales growth across regions and brand families primarily through marketing and store investments in our owned and operating channels, while pursuing new geographies and markets via franchise, wholesale and licensing partnerships;

• using our regionally relevant brand playbooks globally to align the brands’ products, voices, and experiences with customers, both digitally and in-store;

• using testing and chase strategies to deliver compelling assortments and product collections across genders.

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Operate with financial discipline by:

• actively managing inventory levels and positioning Abercrombie brands and Hollister brands to chase inventory as appropriate throughout the year;

• funding our growth strategies while properly balancing investments, impacts of inflation and efficiency efforts.

Abercrombie & Fitch Co.

2023 Form 10-K

• using our agile inventory model and pricing strategies to position the Company to support customer demand throughout the year;

• maintaining our durable balance sheet and consistent free cash flow profile, underpinned by our disciplined investment philosophy while balancing against macro environment impacts and efficiency efforts.

OVERVIEW OF OPERATIONS

Omnichannel Initiatives

As customer shopping preferences continue to shift and customers increasingly shop across multiple channels, the Company aims to create best-in-class customer experiences and grow total company profitability by delivering improvements through a continuous test-and-learn approach.

During the COVID-19 pandemic, the Company experienced an acceleration in sales fulfilled through digital channels, and continues to see a majority of sales though digital channels for the Abercrombie & Fitch brand.

Despite, this acceleration in the shift towards digital channels, stores continue to comprise a majority of sales for the Hollister brands customer.

As customer shopping preferences continue to evolve and customers increasingly shop across multiple channels, the Company aims to create best-in-class customer experiences and grow total company profitability by delivering improvements through a continuous test-and-learn approach.

Over the past several years, the Company experienced an acceleration in sales fulfilled through digital channels, and continues to see a majority of sales through digital channels for the Abercrombie & Fitch brand.

Despite, this acceleration in the shift towards digital channels, stores continue to comprise a majority of sales for the Hollister brand’s customer.

Additionally, stores continue to be an important part of our customers’ omnichannel experience.

The Company believes that the customers’ shopping experience is improved by its offering of omnichannel capabilities, which include:

• Purchase-Online-Pickup-in-Store, allowing customers to purchase merchandise through one of the Company’s websites or mobile apps and pick-up the merchandise in store, which often drives incremental in-store sales;

• Curbside pickup at a majority of U.S.

• Same-day delivery service across its entire U.S.

Each brand’s website features a “Get It Fast” filter to easily find products that are available, or shoppers can choose the same-day delivery option for available items at checkout;

• Order-in-Store, allowing customers to shop the brands’ in-store and online offerings while in-store;

• Reserve-in-Store, allowing customers to reserve merchandise online and try it on in-store before purchasing;

• Ship-from-Store, which allows the Company to ship in-store merchandise to customers and increases inventory productivity;

• Cross-channel returns, allowing customers to return merchandise purchased through one channel to a different channel.

The Company also believes that its loyalty programs, Abercrombie’s myAbercrombie ® , and Hollister’s Hollister House Rewards ® , are important enablers of its omnichannel strategy as the Company aims to seamlessly interact and connect with customers across all touchpoints through members-only offers, items and experiences.

Under these programs, customers accumulate points primarily based on purchase activity and earn rewards as points are converted at certain thresholds.

These rewards can be redeemed for merchandise discounts either in-store or online.

The loyalty programs continue to provide timely customer insights and personalization opportunities, and the Company believes these programs contribute to higher average transaction value.

The Company believes that the customers’ shopping experience is improved by its offering of omnichannel capabilities, which include purchase-online-pickup-in-store, ship-from-store, and cross-channel returns.

These features allow our customers ease of access to shop the brands’ in-store and online offerings and create a seamless transition between omnichannel capabilities.

Digital Operations

In order to create a more seamless and consistent shopping experience for its customers, the Company continues to invest in its digital infrastructure.

including through the multi-year process of upgrading our merchandising ERP system.

In order to continuously improve the customer experience, including providing a more seamless and consistent shopping experience across channels, the Company continues to invest in its digital infrastructure.

Such investments include upgrading our merchandising enterprise resource planning (“ERP”) system.

The Company has the capability to ship merchandise to customers in more than 108 countries and process transactions in 21 currencies and through 20 forms of payment globally.

The Company operates desktop and mobile websites for its brands globally, which are available in various local languages, and three mobile apps.

The Company operates desktop and mobile websites for its brands globally, which are available in various local languages.

The Company also operates two mobile applications that provide an enhanced mobile shopping experience to the customer and provide us with customer insights.

The Company continues to develop and invest its mobile capabilities as mobile engagement continues to grow, with over 87% of the Company’s digital traffic generated from mobile devices in Fiscal 2024.

In addition, in its efforts to expand its global brand reach, the Company also partners with certain third-party e-commerce platforms.

Abercrombie & Fitch Co.

2024 Form 10-K

Store Operations

The Company has a goal of finding the right size, right location and right economics for omni-enabled stores that cater to local customers.

During Fiscal 2023, the Company opened 35 new store locations, remodeled thirteen store locations, right-sized an additional nine store locations and closed 32 stores.

During Fiscal 2024, the Company opened 65 new store locations, remodeled 48 store locations, right-sized an additional 12 store locations and closed 41 stores.

The Company’s stores continue to play an essential role in creating brand awareness and serving as physical gateways to the brands.

Stores also serve as local hubs for online engagement as the Company continues to grow its omnichannel capabilities to create seamless shopping experiences.

Stores also serve as local hubs for online engagement as the Company continues to evolve its omnichannel capabilities to create seamless shopping experiences.

As of February 1, 2025, all of the retail stores operated by the Company are located in leased facilities, primarily in shopping centers.

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The leases expire at various dates between Fiscal 2025 and Fiscal 2035.

Abercrombie & Fitch Co.

2023 Form 10-K

As of February 1, 2025, the Company operated 789 retail stores as detailed in the table below:

Abercrombie (4)

Hollister (5)

Total 278 511 789

(1) The Americas segment includes the results of operations in North America and South America.

(2) The EMEA segment includes the results of operations in Europe, the Middle East and Africa.

(3) The APAC segment includes the results of operations in the Asia-Pacific region, including Asia and Oceania.

(4) Abercrombie brands includes Abercrombie & Fitch and abercrombie kids.

(5) Hollister brands includes Hollister and Gilly Hicks.

(6) Store count excludes temporary and international franchise stores.

For store count and gross square footage by geographic region and brand as of February 3, 2024 , and January 28, 2023, refer to “ ITEM 7.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS .”

Third-Party Operations

The Company seeks to expand its global brand reach, create brand awareness and develop local presence through various wholesale, franchise, and licensing arrangements.

As of February 3, 2024, the Company had 14 wholesale partnerships, primarily internationally.

As of February 3, 2024, the Company’s franchisees operated 40 international franchise stores across the Company’s brands primarily located within the Americas and EMEA regions in certain jurisdictions where the Company does not operate its own stores.

(1) Store count excludes temporary and franchise stores.

For store count and gross square footage by geographic region and brand as of February 1, 2025, and February 3, 2024, refer to “ ITEM 7.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS ” of this Annual Report on Form 10-K.

Franchise, License, and Wholesale Operations

The Company seeks to expand its global brand reach, create brand awareness and develop local presence through various franchise, licensing, and wholesale arrangements.

The Company has franchise agreements under which it provides third-party partners the right to sell its product and operate stores in various geographic regions, including the Middle East, Central America, South America, and Asia.

As of February 1, 2025, the Company’s franchisees operated 49 franchise stores across the Company’s brands.

The Company also has license agreements under which it acts as a licensee, with various third parties providing the Company with the rights to sell apparel and accessories with licensed trademarks, such as collegiate and professional sports teams.

The Company also acts as licensor under licensing agreements under which the Company provides licenses to third-party partners to manufacture and sell designated products, such as certain apparel, eyewear, and fragrances.

As of February 1, 2025, the Company had 9 wholesale partnerships, primarily in EMEA.

SOURCING OF MERCHANDISE INVENTORY

The Company uses an agile inventory model to help manage inventory costs and production volumes to reflect customer demand trends.

Specifically the Company’s inventory model is intended to help enable optimization of inventory levels, increase speed and response time to react to customer demand and preferences, and promote operational agility.

The Company works with its network of third-party vendors to supply compelling, high-quality product assortments to its customers.

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FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA” of this Annual Report on Form 10-K for a summary of inventory sourced based on vendor location and dollar cost of merchandise receipts during Fiscal 2024.

Abercrombie & Fitch Co.

2024 Form 10-K

DISTRIBUTION OF MERCHANDISE INVENTORY

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Location Company-owned or third-party

New Albany, Ohio (Primarily serves store and digital operations) Company-owned

New Albany, Ohio (Serves only digital operations) Company-owned

Bergen op Zoom, Netherlands Third-party

Shanghai, China Third-party

Goodyear, Arizona (Serves only digital operations) Third-party

The Company primarily used six contract carriers to ship merchandise and related materials to its North American customers, and several contract carriers for its global customers during Fiscal 2023.

Abercrombie & Fitch Co.

2023 Form 10-K

New Albany, Ohio (primarily serves store and digital operations)

Company-owned

New Albany, Ohio (serves only digital operations)

Company-owned

Bergen op Zoom, Netherlands (primarily serves store and digital operations)

Shanghai, China (primarily serves store and digital operations)

Goodyear, Arizona (serves only digital operations)

The Company primarily used six contract carriers to ship merchandise and related materials to its North American customers, and several contract carriers for its global customers outside of North America during Fiscal 2024.

CUSTOMER ENGAGEMENT

The Company engages with its customers through in-store and digital interactions, loyalty programs, social media platforms, mobile applications, online surveys and customer reviews, and continues to evolve in response to the feedback it receives through these channels.

The Company’s customer relationship management strategies support the Company’s development of direct relationships with its customers and allow the Company to harness insights.

Our brands have strong global followings on key social media platforms, and the Company also partners with brand representatives, influencers, celebrities, and athletes to market its products and communicate its brands’ identities.

The Company aims to be at the forefront of customer engagement and continues to explore new methods to connect with its customers.

The Company also offers its loyalty programs, Abercrombie’s myAbercrombie ® and Hollister’s Hollister House Rewards ® .

The Company believes that these programs are important enablers of its customer engagement strategy as the Company aims to seamlessly interact and connect with customers across all touchpoints through members-only offers, items, and experiences.

Under these loyalty programs, customers accumulate points primarily based on purchase activity and earn rewards as points are converted at certain thresholds.

These rewards can be redeemed for merchandise discounts either in-store or online.

In addition to earning and redeeming awards, loyalty members may receive other benefits at specified spending threshold tiers, such as free shipping and extended return windows.

The loyalty programs continue to provide timely customer insights and personalization opportunities, and the Company believes these programs generate repeat business and contribute to higher average transaction value.

The Company operates in a rapidly evolving and highly competitive retail business environment.

Competitors include:

individual and chain specialty apparel retailers;

Competitors include individual and chain specialty apparel retailers;

local, regional, national and global department stores;

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and experience, investing in immersive, participatory omnichannel shopping environments.

Operating in a highly competitive industry environment can cause the Company to engage in greater than expected promotional activity, which would result in pressure on average unit retail and gross profit.

Refer to “ ITEM 1A.

RISK FACTORS - Our failure to operate effectively in a highly competitive and constantly evolving industry could have a material adverse impact on our business ” of this Annual Report on Form 10-K for further discussion of the potential impacts competition may have on the Company.

Abercrombie & Fitch Co.

2024 Form 10-K

SEASONAL BUSINESS

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Due to the seasonal nature of the retail apparel industry, the results of operations for any current period are not necessarily indicative of the results expected for the full fiscal year and the Company could have significant fluctuations in certain asset and liability accounts.

The Company historically experiences its greatest sales activity during the Fall season due to back-to-school and holiday sales periods, respectively.

The Company historically experiences its greatest sales activity during the Fall season due to back-to-school and holiday sales periods.

Refer to “ ITEM 7.

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These systems include applications related to point-of-sale, digital operations, inventory management, supply chain, planning, sourcing, merchandising, payroll, scheduling and financial reporting.

The Company continues to invest in technology to upgrade its core systems, including its merchandising ERP system, to enhance reporting and analytics, create efficiencies and to support its digital operations, omnichannel capabilities, customer relationship management tools and loyalty programs.

The Company continues to invest in technology to upgrade its core systems, including its merchandising ERP system and modernizing its key data platforms, to enhance reporting and analytics, create efficiencies and to support its digital operations, omnichannel capabilities, customer relationship management tools and loyalty programs.

WORKING CAPITAL

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MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS ” of this Annual Report on Form 10-K for a discussion of the Company’s cash requirements and sources of cash available for working capital needs and investment opportunities.

Abercrombie & Fitch Co.

2023 Form 10-K

HUMAN CAPITAL MANAGEMENT

The Company strives to create a culture that drives strategic and key business priorities forward, while is also welcoming, inclusive, and diverse, and encourages associates to create a positive impact in their global communities.

The Company strives to create a culture that drives strategic and key business priorities forward, while being welcoming and inclusive, encouraging associates to impact their global communities positively.

The Company believes that the strength of its unique culture is a competitive advantage, and intends to continue building upon that culture to improve performance across its business.

Therefore, the Company believes that the attraction, retention, and management of qualified talent representing diverse backgrounds, experiences, and skill sets - and fostering a diverse, equitable, and inclusive work environment - are integral to its success.

The Company also has policies and practices in place that are focused on creating a culture and work environment free from abuse, harassment or discrimination of any kind.

Therefore, the Company believes that the attraction, retention, and management of qualified talent are integral to its success.

The Company has policies and practices in place that are focused on creating a culture and work environment free from abuse, harassment or discrimination of any kind.

Highlights of our key human capital management programs and efforts include the following:

Abercrombie & Fitch Co.

2024 Form 10-K

• Living a corporate purpose of “Being here for you on the journey to being and becoming who you are.” The Company’s corporate purpose was developed after conducting listening sessions with its associates and its customers, and by weaving in key themes from each of the brand purposes.

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The Company’s compensation offerings include cash-based and equity-based incentive awards in order to align the interests of associates and stockholders.

In addition, the Company continues to evolve its approach to work flexibility, including supporting remote work arrangements for key roles and “work from anywhere days and weeks” for our corporate home office associates where feasible.

In addition, the Company continues to provide hybrid and remote work arrangements for corporate home office associates where feasible, including “work from anywhere” days and weeks.

We also support our associates and their families beyond our competitive compensation with comprehensive benefits offerings, providing eligible associates with paid parental leave in the United States and internationally based on local law, as well as adoption and fertility support benefits to all eligible associates globally.

• Improving associate engagement through open communication channels with a focus on development.

• Improving associate engagement through open communication channels with a focus on associate experience.

The Company regularly holds all-company meetings to communicate with its associates.

The Company also collects feedback through various engagement surveys to better understand associate experience and drive improvements, with the most recent organization-wide survey conducted in July 2023.

The Company also collects feedback through various engagement surveys throughout the year to better understand the associate experience and drive improvements, with the most recent organization-wide survey conducted in October 2024.

• Fostering associate development by providing a wide variety of growth and development opportunities throughout associates’ careers.

This includes stretch assignments, internal career pathing, self-awareness exercises, and active coaching.

This includes structured development programs, access to online skill development platforms, stretch assignments, internal career pathing, self-awareness exercises, and active coaching.

The Company also uses leadership standards to help associates identify the core behaviors essential for their career growth, as well as personal growth, on their journey at the Company.

Resources in support of these efforts include the Company’s internal job board, which empowers associates to apply for open roles and/or to seek advancement opportunities within the Company.

• Embracing inclusion and diversity in all forms, including gender, race, ethnicity, disability, nationality, religion, age, veteran status, LGBTQIA+ status, and other factors.

The Company regularly reviews metrics including representation, retention, pay, and promotion among associates from diverse backgrounds, including those in leadership positions.

The Company also encourages associates to enhance their understanding of inclusion and diversity through participating in the Company’s various associate resource groups, which allow associates from different business functions around the world to have discussions, attend activities, and receive materials focused on allyship, community, celebration, and education.

Additionally, the Company invests in inclusion and diversity learning and development opportunities for associates on topics relating to the fundamentals of inclusion and diversity, including trainings, learning sessions, and workshops.

Resources in support of these efforts include the Company’s internal job board, which empowers associates to apply for open roles and/or to seek advancement opportunities within the Company, as well as formalized talent reviews to discuss associate development opportunities.

• Creating a culture of belonging and working to ensure that all our associates feel respected and represented.

We believe that when we do this, we are stronger across every aspect of our business.

The Company follows core principles to embed a sense of community into our organization, including having a workforce that reflects the communities we serve, building a leadership team that is representative of our workforce, offering voluntary training and inviting all associates to participate in any of our various associate resource groups to promote inclusion and belonging, and driving fairness through our compensation and benefits offerings.

• Encouraging community involvement of its associates by promoting various charitable, philanthropic, and social awareness programs, which the Company believes fosters a collaborative and rewarding work environment.

The Company provides support to global organizations in the form of cash donations, volunteerism and in-kind support.

In partnership with its vendor partners, customers and associates, the Company is proud to support community partners serving youth, teens, and young adults with a focus on mental health and wellness, empowerment, and inclusion and diversity.

The Company offers its associates a paid volunteer day each year for eligible volunteer work.

• Focusing on the health and safety of its associates by investing in various wellness programs that are designed to enhance the physical, financial, and mental well-being of its associates globally.

The Company provides benefits-eligible associates and their families with access to free and confidential counseling through our Employee Assistance Program, as well as free access to Headspace, a mediation and mindfulness app.

The Company also provides regular programming on financial planning and mental health.

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The proportion of associates represented by works councils and unions is not significant and is generally limited to associates in the Company’s European stores.

Abercrombie & Fitch Co.

2023 Form 10-K

Board Oversight

A&F’s Board of Directors (the “Board of Directors”) and its committees oversee human capital issues.

The Compensation and Human Capital Committee of the Board of Directors oversees the Company’s overall compensation structure, policies and programs, as well as administration of our cash-based and equity-based performance award programs.

A&F’s Board of Directors (the “Board of Directors”) and its committees oversee human capital matters.

The Compensation and Human Capital Committee of the Board of Directors oversees the Company’s overall compensation structure, policies and programs, as well as administration of the Company’s cash-based and equity-based performance award programs.

Members of the Board of Directors also review succession plans for the Company’s executive officers and discuss with senior leadership the Company’s human capital management strategies, programs, policies and practices, including those relating to organizational structure and key reporting relationships, along with development of strategies and practices relating to recruitment, retention and development of the Company’s associates as needed.

Additionally, the Environmental, Social and Governance Committee of the Board of Directors oversees the Company’s strategies, policies and practices regarding social issues and trends, including inclusion and diversity initiatives, health and safety, and philanthropy and community investment matters.

Additionally, the Environmental, Social and Governance Committee of the Board of Directors is responsible for the oversight of risks associated with our environmental and social strategies.

Abercrombie & Fitch Co.

2024 Form 10-K

INFORMATION ABOUT OUR EXECUTIVE OFFICERS

The Company’s executive officers serve at the pleasure of the Board of Directors.

Set forth below is certain information regarding the executive officers of the Company as of April 1, 2024:

Set forth below is certain information regarding the executive officers of the Company as of March 31, 2025:

Fran Horowitz, Chief Executive Officer and Director

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• Member of the Board of Directors of Chief Executives for Corporate Purpose (CECP), a CEO-led coalition that helps companies transform their social strategy by providing customized resources (October 2019 to present)

Lipesky, Executive Vice President, Chief Financial Officer and Chief Operating Officer

Lipesky, Executive Vice President, Chief Operating Officer

Executive Roles:

• Executive Vice President, Chief Financial Officer and Chief Operating Officer of the Company (May 2023 to present)

• Executive Vice President, Chief Operating Officer of the Company (November 2024 to present)

• Executive Vice President, Chief Financial Officer and Chief Operating Officer of the Company (May 2023 to November 2024)

• Executive Vice President and Chief Financial Officer of the Company (April 2021 to May 2023);

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• Prior to rejoining the Company, formerly served as Chief Financial Officer of American Signature, Inc., a privately-held home furnishings company (October 2016 to October 2017)

• Formerly held various leadership roles and finance positions with the Company (November 2007 to October 2016) including:

• Formerly held various leadership roles and finance positions with the Company including:

Chief Financial Officer, Hollister Brand (September 2014 to October 2016);

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• Formerly held position as a Certified Public Accountant with PricewaterhouseCoopers LLP

Ball, Senior Vice President, Chief Financial Officer

Executive Roles:

• Senior Vice President, Chief Financial Officer of the Company (November 2024 to present)

• Senior Vice President, Corporate Finance, Investor Relations, and Treasury of the Company (May 2023 to November 2024)

• Formerly held various finance and leadership positions with the Company including:

Group Vice President, Corporate Finance and Transformation Management Office (August 2022 to May 2023);

Vice President/Group Vice President, Corporate Finance (January 2018 to August 2022);

and Chief Financial Officer, Abercrombie & Fitch and abercrombie kids Brand (September 2014 to January 2018)

• Formerly held roles of increasing responsibility in the Company’s finance department, including roles in financial reporting, financial planning and analysis, and real estate accounting (January 2003 to September 2014)

Samir Desai, Executive Vice President, Chief Digital and Technology Officer

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OTHER INFORMATION

A&F makes available free of charge on its website, corporate.abercrombie.com, under the “Investors – Financials/SEC Filings” section, its annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as soon as reasonably practicable after A&F electronically files such material with, or furnishes it to, the Securities and Exchange Commission (the “SEC”).

A&F makes available free of charge on its website, corporate.abercrombie.com, under the “Investors – Financials & Filings - SEC Filings” section, its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as soon as reasonably practicable after A&F electronically files such material with, or furnishes it to, the Securities and Exchange Commission (the “SEC”).

A&F also makes available free of charge in the same section of its website its definitive proxy materials filed pursuant to Section 14 of the Exchange Act, as soon as reasonably practicable after A&F electronically files such proxy materials with the SEC.

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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business