Just two days after the struggling teen retailer brought on a new chairman, the company has announced the creation of a chief operating officer position, perhaps taking more responsibility out of CEO Mike Jeffries' hands.
Just a little over a month after the details of his new contract were revealed, Jeffries will hand over chairman duties to a former Saks exec.
The outlook isn't great right now for so-called "teen" retailers. We polled teenagers from across the country -- and a Wall Street analyst, too -- about why they think the Abercrombies, Aeropostales and American Eagles of the world aren't doing so well.
The biggest fashion stories of the week, save for the one about how we received a big block of cheese in the office (which was actually very awesome).
I think few people would disagree that Abercrombie & Fitch needs a change of some sort. And with controversy-causing CEO Mike Jeffries's contract set to expire next February, that change could come pretty soon.
Despite the fact that the average American woman is now a size 14, it seems like the fashion world is less plus-friendly than ever. So what gives?
A month after CEO Mike Jeffries landed Abercrombie and Fitch in hot water for comments about his company's corporate dress code, the retailer has made another misstep--mocking Taylor Swift.
A segment by online news show The Young Turks, which takes T magazine to task for featuring a thin Julia Nobis on their cover, recently went viral. Co-host Cenk Uygur refers to Nobis as "disgusting" more than once during the course of the video, adding that she's "obviously anorexic," prompting no less than Nobis's dad Eddy to chime in, blasting Uygur in the comments. Now Uygur's at it again in what is ostensibly intended as an apology video, but which ends with Ugyur blasting the fashion industry as a whole. He finishes the video visibly heated, saying that "the fashion industry is full of shit" and that they "don't know what's appealing on this planet." I think it's Ugyur who's full of shit.
It's been a rough month for trendy retailer Abercrombie & Fitch.
