Abercrombie and Fitch flagship store on Fifth Avenue

Abercrombie & Fitch began its Canadian expansion in January 2006 when the company opened two Abercrombie & Fitch stores and three Hollister Co. stores in Toronto and Edmonton. By fall 2006, a third Canadian abercrombie and fitch store opened in the Toronto Eaton Centre. Also in the year, the brand opened a west coast flagship in The Grove at Farmers Market. Revenue reported for 2006 is $3.318 billion, an increase of over $1.297 billion from 2005.
Today's A&F Canoe stores with louvers.Beginning 2007, the conoe stores were revamped with dark louvers (see right image). On March 22, 2007 Abercrombie & Fitch opened its first European flagship in London at 7 Burlington Gardens in Savile Row. The store generated a volume of $280,000 (around ￡140,000 GBP) in its first 6 hours of operation.[5] The flagship remains one of the most profitable A&F locations. Revenue reached record heights in 2007 with an overall sales of $3.749 billion.

Entering into the 21st century, abercrombie and fitch was rated as the sixth most popular brand before Nintendo and Levi's by teenagers. The company introduced its third brand Hollister Co. in July 2000. The third concept was based on Southern California surf lifestyle, and was targeted towards high school students. After Hollister lowered the revenue of Abercrombie & Fitch, the company launched the Ezra Fitch collection, and began producing A&F clothing with higher grade materials, increasing the prices. In 2001, the company moved into a new 300-acre (1.2 km2) home office in New Albany, Ohio. Headquarters were further expanded by 2003. Also in 2003, the company released its last issue of A&F Quarterly after amounting complaints.
After successfully launching Hollister, the company introduced its fourth brand RUEHL No.925 for older consumers, 22 through 35, on September 24, 2004. Revenue continued to escalate as sales are reported at $2.021 billion for 2004. In November 2005, the company completed construction of the first abercrombie and fitch flagship store on Fifth Avenue. By this time, the company began to use its trademark Casual Luxury for promotion. Revenue reported for 2005 was $2.021 Billion.
On January 21, 2008, Abercrombie & Fitch introduced its fifth concept, the intimate apparel brand Gilly Hicks. Inspired by Down Under, is officially labeled as the "Cheeky cousin of abercrombie and fitch." In April 2008, A&F relaunched A&F Quarterly for release in the UK flagship. On August 31, 2008, the "bright and insightful" company director Allan A. Tuttle died. By December 22, corporate announced that it had produced a new emploment agreement with Mike Jeffries set to expire in 2014. For the first time in its rescent history, A&F suffered a financial decrease to $3.540 billion revenue for fiscal 2008, a blame to the current economic recesion.
Early in January 2009, the company reported the worst drop in sales and shares. By the end of the month, 50 employees lost their jobs and many positions were still unoccupied.