Abercrombie & Fitch

By Veena A. Iyer, Nilan Johnson Lewis   

New Albany, Ohio - Abercrombie & Fitch Co. has entered into a franchise agreement with Grupo AXO to establish a retail store presence in Mexico. The franchise arrangement, the first in the company`s history, will encompass both the Abercrombie & Fitch and Hollister brands.  

New Albany, Ohio –- Abercrombie & Fitch reported net sales of $911.4 million for the third quarter of fiscal 2014, less than Wall Street forecast, down 12% from $1.03 billion in the year-ago period. The chain cited slowing mall traffic and weaker results in the latter part of the quarter.   

A man behind some of America’s favorite brands will receive the Lifetime Achievement Award from Chief Executive magazine.  Leslie H. Wexner, chairman and CEO of L Brands will be honored at the CEO2CEO Summit conference, Dec. 4, 2014, at the New York Stock Exchange.

New Albany, Ohio -- Abercrombie & Fitch Co. has named Fran Horowitz to the position of president of its Hollister brand. Horowitz, 51, will report to CEO Mike Jeffries and will have overall responsibility for all product and customer-facing activities for the Hollister brand, and for its financial performance. Horowitz is expected to commence employment with the company on or around Oct. 20, 2014.   

New York -- The U.S. Supreme Court has agreed to consider whether a Muslim woman who was denied a job at an Abercrombie & Fitch Co. store because she wears a head scarf was required to specifically request a religious accommodation at the time of her job interview.

The court agreed to hear an appeal filed in the case by the U.S. Equal Employment Opportunity Commission, the federal agency that sued the retailer on behalf of Samantha Elauf, who was denied a sales job at an Abercrombie Kids store in Tulsa, Oklahoma, back in 2008.

Seattle -- Kitchenware retailer Sur La Table has appointed industry veteran Diane Neal as its new CEO. She succeeds Jack Schwefel, who has left the company to pursue other opportunities after serving as Sur La Table’s CEO since 2007.

Neal served as CEO and president of Bath & Body Works from 2007 to 2011. She currently serves on the boards of several retail companies, including Abercrombie & Fitch Co. and Fossil Group Inc. Neal also held leadership positions at Gap and Target.

By Gary Lee, InReality