ABERCROMBIE & FITCH RELEASES 2012 ANNUAL REPORT ON FORM 10-K

Tue Apr 2, 2013 5:50pm EDT

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New Albany, Ohio, April 2, 2013:  Abercrombie & Fitch Co. (NYSE: ANF) today announced that it has
filed its Annual Report on Form 10-K for the year ended February 2, 2013, with the U.S. Securities
and Exchange Commission (the "SEC").

The filing can be found on the "Investors" section of the Company's website at www.abercrombie.com
http://www.abercrombie.com/  under the SEC filing section and on the SEC's website at
http://sec/gov/ http://sec/gov/ .  In addition, shareholders can receive a hard copy of the Form
10-K, containing the Company's complete audited financial statements, free of charge, by calling
(614) 283-6500 or sending a written request to Abercrombie & Fitch, Co.  6301 Fitch Path, New
Albany, Ohio, 43054, Attention: Investor Relations.

At the end of Fiscal 2012, the Company operated a total of 1,051 stores.  The Company operated 266
Abercrombie & Fitch stores, 144 abercrombie kids stores, 482 Hollister Co. stores and 20 Gilly
Hicks stores in the United States.  The Company operated 19 Abercrombie & Fitch stores, six
abercrombie kids stores, 107 Hollister Co. stores and seven Gilly Hicks stores internationally.
The Company operates e-commerce websites at www.abercrombie.com, www.abercrombiekids.com,
www.hollisterco.com and www.gillyhicks.com. 

For further information, call:
ICR, Inc.
Joe Teklits joseph.teklits@icrinc.com
(203) 682-8258

                                    
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

A&F cautions that any forward-looking statements (as such term is defined in the Private
Securities Litigation Reform Act of 1995) contained in this Press Release or made by management or
spokespeople of A&F involve risks and uncertainties and are subject to change based on various
important factors, many of which may be beyond the Company's control. Words such as "estimate,"
"project," "plan," "believe," "expect," "anticipate," "intend," and similar expressions may
identify forward-looking statements.  Except as may be required by applicable law, we assume no
obligation to publicly update or revise our forward-looking statements.  The following factors, in
addition to those included in the disclosure under the heading "FORWARD LOOKING STATEMENTS AND
RISK FACTORS" in "ITEM 1A. RISK FACTORS" of A&F's Annual Report on Form 10-K for the fiscal year
ended February 2, 2013, in some cases have affected and in the future could affect the Company's
financial performance and could cause actual results for the 2013 fiscal year and beyond to differ
materially from those expressed or implied in any of the forward-looking statements included in
this Press Release or otherwise made by management: changes in economic and financial conditions,
and the resulting impact on consumer confidence and consumer spending, could have a material
adverse effect on our business, results of operations and liquidity; changing fashion trends and
consumer preferences, and the ability to manage our inventory commensurate with customer demand,
could adversely impact our sales levels and profitability; fluctuations in the cost, availability
and quality of raw materials, labor and transportation, could cause manufacturing delays and
increase our costs; our growth strategy relies significantly on international expansion, which
requires significant capital investment, adds complexity to our operations and may strain our
resources and adversely impact current store performance; our international expansion plan is
dependent on a number of factors, any of which could delay or prevent successful penetration into
new markets or could adversely affect the profitability of our international operations; our
direct-to-consumer operations are subject to numerous risks that could adversely impact sales;
equity-based compensation awarded under the employment agreement with our Chief Executive Officer
could adversely impact our cash flows, financial position or results of operations and could have
a dilutive effect on our outstanding Common Stock;
our development of a new brand concept such as Gilly Hicks could have a material adverse effect on
our financial condition or results of operations; fluctuations in foreign currency exchange rates
could adversely impact our financial condition and results of operations;
our business could suffer if our information technology systems are disrupted or cease to operate
effectively; comparable sales, including direct-to-consumer, may continue to fluctuate on a
regular basis and impact the volatility of the price of our Common Stock; our market share may be
negatively impacted by increasing competition and pricing pressures from companies with brands or
merchandise competitive with ours; our ability to attract customers to our stores depends, in
part, on the success of the shopping malls or area attractions in which most of our stores are
located; our net sales fluctuate on a seasonal basis, causing our results of operations to be
susceptible to changes in Back-to-School and Holiday shopping patterns; our failure to protect our
reputation could have a material adverse effect on our brands; we rely on the experience and
skills of our senior executive officers, the loss of whom could have a material adverse effect on
our business; interruption in the flow of merchandise from our key vendors and international
manufacturers could disrupt our supply chain, which could result in lost sales and could increase
our costs; In a number of our European stores, associates are represented by workers' councils and
unions, whose demands could adversely affect our profitability or operating standards for our
brands; we depend upon independent third parties for the manufacture and delivery of all our
merchandise; our reliance on two distribution centers domestically and two third-party
distribution centers internationally makes us susceptible to disruptions or adverse conditions
affecting our distribution centers; we may be exposed to risks and costs associated with credit
card fraud and identity theft that would cause us to incur unexpected expenses and loss of
revenues; our facilities, systems and stores, as well as the facilities and systems of our vendors
and manufacturers, are vulnerable to natural disasters, pandemic disease and other unexpected
events, any of which could result in an interruption to our business and adversely affect our
operating results; our litigation exposure could have a material adverse effect on our financial
condition and results of operations; our inability or failure to adequately protect our trademarks
could have a negative impact on our brand image and limit our ability to penetrate new markets;
fluctuations in our tax obligations and effective tax rate may result in volatility in our
operating results; the effects of war or acts of terrorism could have a material adverse effect on
our operating results and financial condition; our inability to obtain commercial insurance at
acceptable prices or our failure to adequately reserve for self-insured exposures might increase
our expenses and adversely impact our financial results; operating results and cash flows at the
store level may cause us to incur impairment charges; we are subject to customs, advertising,
consumer protection, privacy, zoning and occupancy and labor and employment laws that could
require us to modify our current business practices, incur increased costs or harm our reputation
if we do not comply; changes in the regulatory or compliance landscape could adversely affect our
business and results of operations; our unsecured Amended and Restated Credit Agreement and our
Term Loan Agreement include financial and other covenants that impose restrictions on our
financial and business operations; and compliance with changing regulations and standards for
accounting, corporate governance and public disclosure could adversely affect our business,
results of operations and reported financial results.


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Source: Abercrombie & Fitch Co via Thomson Reuters ONE


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