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Abercrombie & Fitch to transition to renewable energy beginning 2023

Abercrombie & Fitch Co. (ANF) announced its plan to shift to renewable energy at its New Albany, Oh. headquarters and its distribution centers starting in 2023. Abercrombie & Fitch has signed a 13-year agreement with Ohio-based AEP Energy to power its headquarters and two New Albany facilities, which will reduce about 16,000 metric tons of carbon annually. Abercrombie & Fitch brands include the namesake and Hollister. Shares have nearly doubled over the past year, up 96.2%, while the S&P 500 index is up 25.5% for the period.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

02-25-21 0846ET

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