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Oxford Street shopper with Hollister bag in London
(Mike Kemp/Getty Images)
millennial core

Hollister is the hottest thing in Abercrombie & Fitch’s wardrobe again

A new Y2K Taco Bell collaboration could spice things up further.

Tom Jones

The stage in life where you start saying, “That was in fashion when I was your age!” sadly comes for us all, as trend cycles continue to spin — spitting everything from iPods and wired headphones to froyo and baggy jeans back into mainstream culture. 

One brand that’s well positioned (and seemingly very willing) to capitalize on this nostalgia-driven appetite for all things 2000s? Hollister, the coastal-inspired mall staple launched by Abercrombie & Fitch at the turn of the millennium.

Aughts to do

Younger consumers might never understand the uniquely jarring sensory experience of walking into a dimly lit Hollister in the 2000s, to be greeted by shirtless male store assistants and blasted by overwhelming pop chart fodder, since the company revamped its stores around the mid-2010s.

But the brand hasn’t ditched all of its heritage, leaning into its roots with a Y2K revival collection in the summer and a new noughties-tinged Taco Bell collab.

It appears to be paying off, too: a day after announcing the new Taco Bell line, Abercrombie & Fitch reported earnings that crushed expectations and sent shares soaring, with Hollister’s growth cementing its position, once again, as the prize item in Abercrombie’s closet.

Abercrombie Hollister sales chart
Sherwood News

Hollister and its parent company more broadly have faced the dilemma: do you age your products with the people who liked them initially — ditching teens for millennials who are starting families and buying houses — or stick to your guns and hope you can still appeal to teenagers today?

Between its two biggest brands, A&F has managed to do a bit of both. It’s added more diversified offerings for men’s and women’s wear across Abercrombie; it’s also doubled down on the younger demographic through Hollister, having enlisted Gen Z favorite Benson Boone for a promo campaign and pumped money into influencer programs, cultivating demand for youth-targeted ranges.

With Hollister now the number 1 apparel brand for female teens, disrupting Nikes dominance,” according to a Piper Sandler survey from earlier this year, A&F’s efforts to modernize the brand seem to be working.

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OpenAI’s ARR reached over $20 billion in 2025, CFO says

Sam Altman’s $500 billion artificial intelligence behemoth hit a major financial milestone last year, according to a new blog post over the weekend from OpenAI CFO Sarah Friar, as the company confirmed it had hit a more than $20 billion annual revenue run rate at the end of 2025.

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

  • Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.

  • Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

  • Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race
Sherwood News

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

  • Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.

  • Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

  • Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race
Sherwood News
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