Retail stores were also opened in Beverly Hills, Dallas, and (by the mid-1980s) New York City. Oshman's relaunched the company as a mail-order retailer specializing in hunting wear and novelty items. While Abercrombie & Fitch went out of business during its bankruptcy, the brand survived: in 1978, Oshman's Sporting Goods, a Houston-based retail chain, bought the defunct firm's name and mailing list for $1.5 million (equivalent to $6 million in 2021). In 1977, the company closed its New York flagship store at Madison Avenue and East 45th Street. In 1976, Abercrombie & Fitch filed for Chapter 11 bankruptcy protection. Cash flow problems forced the company to also cut its inventory of moderately-priced products. It was known for holding an extensive inventory of lavish items, but high operating expenses forced A&F to shed its highest priced items, such as an $18,000 (equivalent to $125,599 in 2021) gold and onyx chess set. īy the 1970s, A&F was struggling to compete with lower priced competitors while trying to maintain its high-end image. Following Hemingway's death, his wife placed several of his guns on consignment with the company. Ernest Hemingway was also a regular customer the gun with which he committed suicide in 1961 was purchased from Abercrombie and Fitch. The company was an elite outfitter of sporting and excursion goods, particularly noted for its expensive shotguns, fishing rods, fishing boats, and tents At one time, it had outfitted Theodore Roosevelt's safari and Adm. In 1904, it was incorporated and renamed "Abercrombie & Fitch Co." Fitch eventually bought out Abercrombie's share of the business, becoming its sole owner from 1907 to 1928. Ezra Fitch-a wealthy lawyer, real estate developer, and devoted Abercrombie customer-bought a significant stake in the business in 1900. Abercrombie as an outfitter for the elite outdoorsman. The original Abercrombie & Fitch was founded in 1892 in New York City by David T. The Marquess of Camarasa wearing Abercrombie & Fitch hunting equipment in the Arctic Circle, 1921
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