BUSINESS
September 11, 2012 | By Tiffany Hsu
Clothing brand Hollister apologized recently after male models it sent to South Korea sent out several racist tweets, posing squinty-eyed for photos and making rude gestures. But a U.S. official says the mea culpa isn't enough. Michael Yaki, member of the U.S. Commission on Civil Rights, called on Hollister and parent company Abercrombie & Fitch in a letter to “conduct an immediate, public review of its diversity and cultural awareness programs.” He urged the company to take “the more courageous path” and publicly explain why the tweets -- which he called a “grotesque display of stereotypes” -- came to be. Hollister fired the models, who were sent to Seoul to pose with customers at a store opening, and backed away from the social media missives on Facebook.
BUSINESS
November 22, 2007 | From Bloomberg News
Abercrombie & Fitch Co., a retailer of clothes for teens and college students, said Wednesday that third-quarter profit rose on higher sales at its Hollister Co. and children's chains. Net income increased to $117.6 million, or $1.29 a share, from $102 million, or $1.11, a year earlier, the New Albany, Ohio-based company said. Profit beat analysts' estimates by 1 cent. But Abercrombie's fourth-quarter forecast may be lower than some analyst estimates.
NEWS
August 13, 1998 | ROBIN GIVHAN, WASHINGTON POST
The Abercrombie & Fitch quarterly magazine has won a place of honor on the cocktail tables of gay men from Chelsea to West Hollywood. But these gentlemen are not looking at the clothes. Instead, they are admiring page after page of buff college boys frolicking on campus in Abercrombie & Fitch jeans, pullovers and crew necks. A posse of young men in boxers and roller-skates whoops it up at a dimly lighted rink. Half-dressed guys are pictured with their bedroom eyes staring at the reader.
BUSINESS
December 25, 1987 | MARTHA GROVES, Times Staff Writer
Oshman's Sporting Goods said Thursday that it has ended an agreement to sell its Abercrombie & Fitch division to an investment group headed by Michel Zelnik. However, Oshman's said it intends to pursue the possibility of selling the 27-store chain to "another potential purchaser." It did not say who else might be interested or whether it has received another bid for the struggling chain.
BUSINESS
July 24, 1987 | MARTHA GROVES, Times Staff Writer
Abercrombie & Fitch, which outfitted Theodore Roosevelt's safaris and Robert E. Peary's explorations, is being sold to an investor group by Oshman's Sporting Goods, a Houston-based retailer that has struggled for nine years to build a chain around the legendary name.
BUSINESS
August 15, 2009 | Andrea Chang
Abercrombie & Fitch Co. raised eyebrows last Christmas when the teen retailer insisted it would ride out the recession without resorting to widespread price-slashing. Then came months of massive double-digit sales declines and dwindling store traffic as shoppers defected to competitors that sold similar clothes at more affordable prices. Industry experts wondered whether the company was risking its business in its attempt to uphold its brand image. At the same time, Abercrombie was criticized for missing several fashion trends, for instance, waiting too long to offer casual dresses and relying too heavily on its graphic T-shirts.