ABERCROMBIE & FITCH CO /DE/
For the period ended Aug 2, 2025. Filed Sep 5, 2025.
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Aug 2, 2025 · Filed Sep 5, 2025
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ASSET IMPAIRMENT
- ASSET IMPAIRMENT
The following table provides asset impairment charges for the thirteen and twenty-six weeks ended August 2, 2025 and August 3, 2024:
| Thirteen Weeks Ended | Twenty-Six Weeks Ended | |||
|---|---|---|---|---|
| (in thousands) | August 2, 2025 | August 3, 2024 | August 2, 2025 | August 3, 2024 |
| Operating lease right-of-use asset impairment | $623 | $471 | $1,072 | $810 |
| Property and equipment asset impairment | 1,228 | 230 | 1,458 | 757 |
| Intangible asset impairment | 922 | — | 922 | — |
| Total asset impairment | $2,773 | $701 | $3,452 | $1,567 |
Asset impairment charges for the twenty-six weeks ended August 2, 2025 and August 3, 2024 related to certain of the Company’s store assets, primarily in the EMEA and APAC segments. The store impairment charges for the twenty-six weeks ended August 2, 2025 reduced the then carrying amount of the impaired stores’ assets to their fair value of approximately $7.4 million, including $5.9 million related to operating lease right-of-use assets.
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