Mike Jeffries, who built up Abercombie’s sex-meets-Ivy League aesthetic in the 90s, is the focus of a shareholder lawsuit claiming poor governance at the fashion chain.
Who really thought the world needed an “Eat Less” tee? *SMDH*
The move, another part of the retailer’s efforts to win back American teens, illustrates how dramatically Abercrombie has changed in the past decade.
The retailer, which is pursuing a turnaround, conveys a new image in its quarterly filing. “Idolized and respected” have been swapped for “confident and engaging.”
Abercrombie hopes its version of America resonates more in China, as its brands keep losing steam in the U.S. and Europe.
Aeropostale’s stock plunged 20% and closed at the lowest price since 2003 after reporting truly dismal earnings.
The teen retailer’s stock jumps after exceeding analysts’ low expectations for the fourth quarter, but its stores are still struggling mightily in the U.S. and Europe.
The teen retailer’s future direction will be determined over the next four months.
Investment bank Jefferies sent clients a note Friday titled “Teenage Wasteland: Assessing the Post-Apocalyptic Future of Teen Retail.” According to its survey of more than 1,000 teens, American Eagle has more “brand relevance” than rivals Aeropostale and Abercrombie & Fitch.
“This public nomination follows the failure of weeks of private outreach to the board to arrive at a negotiated settlement,” Engaged Capital said in a statement Thursday. Update: Abercrombie says it “will review Engaged Capital’s director nominations as part of its normal process and will present its recommendation with respect to the election of directors in its proxy statement.”
Chubbies, an online-only shorts company, pens an open letter to Abercrombie CEO Mike Jeffries.
Engaged Capital, which last week sent a nine-page open letter to Abercrombie’s board calling for CEO Mike Jeffries’s ouster, is “disturbed” to learn his contract was extended today.
Controversial Abercrombie CEO Mike Jeffries, whom an activist investor has been pressuring to oust this past week, isn’t going anywhere yet.
Activist firm Engaged Capital fired off an open letter to Abercrombie’s board today saying that Jeffries, whose latest employment contract expires on Feb. 1, needs to be replaced.
The retailers are among companies at risk of losing their spot in the S&P 500 once Ingersoll-Rand spins off its Allegion unit next month.
Hollister will test stores with glass storefronts in early 2014. Parent company Abercrombie & Fitch noted today that Generations Y and Z don’t covet exclusivity like their predecessors.
Let’s recapture the lost magic of the early aughts. As a company mired in controversy and dropping sales, Abercrombie & Fitch has to do something.
You’ll thank me once the video is over.
Abercrombie, the teen retailer for which image is everything, has very specific guidelines for employees’ hair. A source tells BuzzFeed they have been enforced strictly recently, adding to the pressure of the brand’s “Look Policy Guidelines” on store associates.
Teen retailers are all struggling, but Abercrombie did particularly poorly this quarter in the U.S. and online. The company was the target of ridicule across the web for much of the period.
In a tough quarter for rivals American Eagle and Aeropostale, Abercrombie fares no better. CEO blames the economy.
The original marketing campaign from the early 2000s featured then-rising stars Taylor Swift, Ashton Kutcher, and others.This one has actors from Glee, The Hunger Games, and dogs!
After Bad Kids Clothing started selling a T-shirt listing all the names of Swift’s rumored exes, her fans got mad. Really mad.
“Thank you for calling Abercrombie & Fitch public relations. If you are calling regarding the Taylor Swift T-shirt, please note this is no longer available.”
Matthew Smith, the life partner of Abercrombie & Fitch CEO Michael Jeffries, wields as much power and influence as any executive at the publicly traded company. Only problem is, he isn’t employed by and holds no official role at A&F, which has raised corporate governance concerns among company executives.
There were only two episodes, but we’ll always have the memories. And these gifs.
The CEO of Abercrombie & Fitch has made A LOT of people VERY angry over the last month.
Plus a supercut of Leo DiCaprio yelling, the worst things Abercrombie’s CEO has ever said, and a Kickstarter for glow-in-the-dark plants.
The company’s casual style is actually based on a rigid behind-the-scenes employee dress code, including four-step guides to cuffing jeans and scrunching sleeves. The rules.
After 12 years of research, I’m happy to announce that the results are in on this highly scientific study.