Abercrombie & Fitch Brands Heading To Asian E-commerce Site, Zalora

By Tonya GarciaMarketsMarketWatch Pulse

Abercrombie & Fitch Co. said Monday that it will begin selling its product on Zalora, an Asian e-commerce site launched in 2012 and serving 11 destinations including Singapore, Hong Kong and Taiwan. Zalora has more than 600 million customers, according to a statement, and offers delivery as fast as in three hours in some markets. Hollister merchandise will be available starting next week, and Abercrombie & Fitch product will head to the site later this month. Abercrombie shares are up 1.1% in premarket trading, but down nearly 63% for the past year. The S&P 500 index is up 15% for the last 12 months.

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