- Abercrombie renews CEO’s contract despite dissent; to hire brand presidents
- Animated mannequins steal show at Gaultier exhibit in New York
- Converse’s new store in San Francisco is big on customization
- Report: Investor urges changes at Abercrombie & Fitch
- Abercrombie & Fitch conducts trade via cloud to support global growth; uses GT Nexus platform
New Albany, Ohio, Abercrombie & Fitch Co. has announced that president and COO Robert Singer is leaving the company, effective Aug. 31, 2005. Singer, who has been with Abercrombie only 15 months, is leaving due to a difference in approach over the retailer’s plans for international expansion.
“While we are solidifying our plans to expand into Canada and the United Kingdom, our entry into other foreign markets will be at a more deliberate pace,” said Mike Jeffries, chairman and CEO.
Singer’s duties will be taken over by John Lough, executive VP, logistics and store operations, and Mike Kramer, CFO, while an executive search is conducted.
Abercrombie also reported a 24% jump in August same-store sales. Same-stores sales were up 13% at Abercrombie & Fitch stores, 29% at Hollister and 56% at abercrombie, the company’s children’s division.