ABERCROMBIE FITCH CO DE
For the period ended May 3, 2025. Filed Jun 6, 2025.
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May 3, 2025 · Filed Jun 6, 2025
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ASSET IMPAIRMENT
- ASSET IMPAIRMENT
The following table provides asset impairment charges for the thirteen weeks ended May 3, 2025 and May 4, 2024:
| Thirteen Weeks Ended | ||
|---|---|---|
| (in thousands) | May 3, 2025 | May 4, 2024 |
| Operating lease right-of-use asset impairment | $449 | $339 |
| Property and equipment asset impairment | 230 | 527 |
| Total asset impairment | $679 | $866 |
Asset impairment charges for the thirteen weeks ended May 3, 2025 and May 4, 2024 related to certain of the Company’s store assets, primarily in the APAC segment. The store impairment charges for the thirteen weeks ended May 3, 2025 reduced the then carrying amount of the impaired stores’ assets to their fair value of approximately $2.6 million, including $1.7 million related to operating lease right-of-use assets.
| Abercrombie & Fitch Co. | 12 | 2025 1Q Form 10-Q |
|---|
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