October 22, 2012 |
The chief executive of teen retailer Abercrombie & Fitch is known for his exacting attention to detail. That apparently extends to how toilet paper should be folded and what underwear his staff wears. Those tidbits are included in a manual spanning more than 40 pages included as part of an age discrimination lawsuit filed by former company pilot Michael Bustin. The 55-year-old is accusing the clothier of firing him to make way for a youthful pilot that matches the company's brand.
September 11, 2012 |
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.
August 18, 2011 |
Mike "The Situation" Sorrentino may have the ripped abs of an Abercrombie & Fitch Co. model, but the high-end teen chain wants the "Jersey Shore" reality television star to stop wearing its clothing. In a news release titled "Abercrombie & Fitch proposes a win-win situation," the retailer, through its "Brand Senses Department," said: "We are deeply concerned that Mr. Sorrentino's association with our brand could cause significant damage to our image. We understand that the show is for entertainment purposes, but believe this association is contrary to the aspirational nature of our brand, and may be distressing to many of our fans.
July 8, 2010 |
The start of summer break sent teens and other shoppers to the mall in June, but sales remained lackluster at many of the nation's largest retailers. Major chain stores posted a 3.1% sales increase last month compared with a year earlier, according to Thomson Reuters' tally of 28 retailers released Thursday. Those results fell slightly short of expectations. Yet perhaps more disconcerting, the results suggested that while the nation's retail recovery continues, the pace has slowed since the first quarter.
November 14, 2009 |
Stocks rallied Friday, recording their second straight weekly advance, as higher-than-estimated earnings at Walt Disney and Abercrombie & Fitch overshadowed an unexpected drop in consumer confidence. The dollar declined against most major counterparts, and oil fell to a one-month low. The Dow Jones industrial average gained 73 points. The Dow and other major stock indexes stumbled briefly into negative territory on news that the Reuters/University of Michigan index of consumer sentiment fell unexpectedly in October.
August 15, 2009 |
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.