Market Darling Abercrombie & Fitch to Make a Full Comeback to HK

-- Apparel retailer Abercrombie & Fitch Co., which has emerged as one of America’s hottest stocks over the past year, is planning a full-fledged return to Hong Kong eight years after it shut its flagship store in the city, according to people familiar.How the Cortiços of São Paulo Helped Shelter South America’s Largest City

The retailer will pay about HK$1.5 million a month as rent for the Hysan Place unit, one of the people said. While that is higher than the about HK$700,000 that current occupant Fast Retailing Co.’s casual wear label GU pays, it will still be almost 30% cheaper than what Gap Inc. was paying owner Hysan Development Co. before moving out in 2020.

After years of changing product designs, sales approach and corporate culture, Abercrombie is today one of the retail world’s most successful turnaround stories, with the brand particularly popular among millennials and Generation Z. Its stock price soared more than 236% over the past 12 months, even exceeding gains of tech giant Nvidia Corp.

DILI, East Timor — When Pope Francis makes his trip to Asia’s newest country, East Timor, it will make him the second pope to visit after John Paul in 1989, and the first since the country gained independence from Indonesia in 2002.TORONTO — It didn't matter to Toronto FC that they were trailing 2-1 on aggregate heading into the second leg of the Canadian Championship semifinal.

DougCo wildfire mitigation cost-sharing program helps homeowners make property more resilient to wildfires

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