Hollister, which is part of Abercrombie & Fitch has confirmed the news of expansion of stores to Australia. Hollister is the latest addition of international brands to make its way into Australia. Mike Jeffries, chief executive of Abercrombie & Fitch, revealed the plans for the first Hollister stores in Australia and the Middle East during the annual earnings conference call for the retail giant. "We are focused on underpenetrated markets where we expect minimal cannibalization," he said.
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