Abercrombie Wages Charm Offensive After Revolts on Executive Pay

Abercrombie & Fitch Spring/Summer 2014 | Source: Abercrombie & Fitch

NEW YORK, United States — Michael S. Jeffries, the Abercrombie & Fitch Co. chief executive officer who was paid $48.1 million in 2011, got 95 percent less last year after the company’s board tried to placate shareholders who twice slammed its executive pay structure.

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Op-Ed | How to Save Abercrombie

Models in front of an Abercrombie & Fitch store in Singapore | Source: Flickr

While losing ground to competitors, Abercrombie & Fitch still has tremendous brand potential. But to get things back on track, the company must adjust its approach to product, merchandising, marketing and retail, argues Marcellus Neel.

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Abercrombie Bows to Activist Investor Engaged With New Directors

Abercrombie & Fitch Spring/Summer 2014 | Source: Abercrombie & Fitch

NEW YORK, United States — Abercrombie & Fitch Co. named four new independent directors to its board after forging a truce with activist investor Engaged Capital LLC, which had sought a management shakeup at the teen retail chain.

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Abercrombie Hires Kohl’s Crevoiserat as CFO Amid Investor Fight

Abercrombie & Fitch Spring/Summer 2014 | Source: Abercrombie & Fitch

NEW YORK, United States — Abercrombie & Fitch Co., the teen retailer that’s been under pressure from activist investors to shake up management, hired Kohl’s Corp. executive Joanne C. Crevoiserat to be chief financial officer.

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Abercrombie Plans to Shift Namesake Brand Toward Older Audience

Abercrombie & Fitch Campaign | Source: Abercrombie & Fitch

NEW YORK, United States — Abercrombie & Fitch Co., the teen retailer under pressure from an activist investor to change its management amid sluggish sales, plans to shift its namesake brand to appeal to an older audience.

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Abercrombie & Fitch 4Q Adj. Profit Beats Street

Abercrombie & Fitch London flagship | Source: Abercrombie & Fitch

NEW Albany, United States — Abercrombie & Fitch's fourth-quarter net income fell 58 percent, dragged down by a number of one-time charges, including costs tied to the closure of the retailer's Gilly Hicks stores. But adjusted profit easily topped Wall Street's expectations and shares jumped more than 8 percent as the company initiated a $150 million accelerated share buyback program.

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