Data tracker
Abercrombie & Fitch inventory tracker
Abercrombie ran up to $742 million of inventory by October 2022 and cut it to $448 million by April 2023, a 40 percent reduction from peak to trough. Measured against its own seasonal norm it cleared harder than any other retailer in our comparison set.
Compiled by The Retail Ledger from company filings · Updated September 27, 2026
Reading the series
Abercrombie is the counterexample worth keeping in view: it executed the same kind of aggressive drawdown as Gap in the same quarter, at the same multiple of its own norm, with no dispute attached to it. Similar numbers do not imply similar causes.
The comparison across five retailers is in who cleared the 2022 glut, and the sector sequence is in the glut timeline.
The data
| Quarter ended | Inventory ($M) | Change |
|---|---|---|
| Oct 30, 2021 | 543.71 | — |
| Jan 29, 2022 | 525.86 | -3.3% |
| Apr 30, 2022 | 562.51 | +7.0% |
| Jul 30, 2022 | 708.02 | +25.9% |
| Oct 29, 2022 | 741.96 | +4.8% |
| Jan 28, 2023 | 505.62 | -31.9% |
| Apr 29, 2023 | 447.81 | -11.4% |
| Jul 29, 2023 | 493.48 | +10.2% |
| Oct 28, 2023 | 595.07 | +20.6% |
| Feb 3, 2024 | 469.47 | -21.1% |
| May 4, 2024 | 449.27 | -4.3% |
| Aug 3, 2024 | 539.76 | +20.1% |
| Nov 2, 2024 | 692.6 | +28.3% |
| Feb 1, 2025 | 575.01 | -17.0% |
| May 3, 2025 | 542.06 | -5.7% |
| Aug 2, 2025 | 592.97 | +9.4% |
| Nov 1, 2025 | 730.45 | +23.2% |
| Jan 31, 2026 | 601.22 | -17.7% |
| May 2, 2026 | 532.69 | -11.4% |
| Aug 1, 2026 | 591.66 | +11.1% |
Source: company quarterly and annual reports. Figures as reported. Free to reuse with attribution to The Retail Ledger.