Content about Cultural history

September 3, 2014

Abercrombie & Fitch has reportedly settled a shareholder lawsuit filed in the U.S. District Court of Columbus, Ohio, regarding its pay of CEO Michael Jeffries, who has received more than $140 million in compensation since 2007.

New Albany, Ohio – Abercrombie & Fitch has reportedly settled a shareholder lawsuit filed in the U.S. District Court of Columbus, Ohio, regarding its pay of CEO Michael Jeffries, who has received more than $140 million in compensation since 2007. According to Reuters, the settlement with City of Plantation Police Officers' Employees' Retirement System involves no payment to the plaintiff.

August 28, 2014

Fast-fashion competitors like H&M and Forever 21 and teens more interested in technology than clothing make these challenging times for Abercrombie & Fitch, whose second quarter revenue fell 5.8% to $890.6 million, missing Wall Street projections.

New Dublin, Ohio -- Fast-fashion competitors like H&M and Forever 21 and teens more interested in technology than clothing make these challenging times for Abercrombie & Fitch, whose second quarter revenue fell 5.8% to $890.6 million, missing Wall Street projections. In a nod to changing fashion tastes, the company is phasing out the signature logo-centric clothing that helped build it into a teen retail powerhouse.

August 19, 2014

Country Club Prep, an e-commerce retailer for preppy apparel, is hosting the grand opening of its first brick-and-mortar store in Charlottesville, Virginia, on Aug. 23.

Atlanta -- Country Club Prep, an e-commerce retailer for preppy apparel, is hosting the grand opening of its first brick-and-mortar store in Charlottesville, Virginia, on Aug. 23. Launched from a basement in 2012 by two former attorneys Matt Watson and Stephen Glasgow, the concept will launch its brick-and-mortar presence at the University of Virginia.

August 18, 2014

Aeropostale announced that Julian R. Geiger has rejoined the company as CEO, effective immediately.

New York -- Aeropostale announced that Julian R. Geiger has rejoined the company as CEO, effective immediately. He succeeds Thomas P. Johnson, a former Brooks Brother executive who was appointed to the top spot at Aeropostale after Geiger left his CEO post in 2010.

In 2011, Geiger was named president and CEO of Crumbs Bake Shop. He resigned from Crumbs at the end of December 2013, and rejoined the Aeropostale board in May. (Crumbs closed all its stores in July 2014.)

July 22, 2014

Footwear maker Crocs Inc., best known for its colorful plastic clogs, announced a major restructuring that includes closing stores and job cutbacks.

New York -- Footwear maker Crocs Inc., best known for its colorful plastic clogs, announced a major restructuring that includes closing stores and job cutbacks.

The plan comes on the heels of the company's disappointing second-quarter earnings results. Earlier this month, Crocs reported that second-quarter profit fell 44% to $19.7 million.

July 14, 2014

Abercrombie & Fitch Co. has initiated a process to refinance $500 million in existing credit facilities to two new facilities worth a total of $750 million.

New Albany, Ohio - Abercrombie & Fitch Co. has initiated a process to refinance $500 million in existing credit facilities to two new facilities worth a total of $750 million. Proceeds are expected to be used to pay off a remaining $131.5 million balance and outstanding borrowings of $60 million related to existing credit facilities, and to pay related fees and expenses associated with the transaction.  

July 8, 2014

ImagineX Group, Asia’s leading retail, brand management and distribution company, and Authentic Brands Group, LLC, the new owner of Juicy Couture, today announced a long-term franchise partnership to drive Juicy’s market expansion and category development in China.

New York -- ImagineX Group, Asia’s leading retail, brand management and distribution company, and Authentic Brands Group, LLC, the new owner of Juicy Couture, today announced a long-term franchise partnership to drive Juicy’s market expansion and category development in China. The partnership will provide the momentum to add more Juicy Couture stores throughout Asia; expand the brand’s reach with new product lines; and support further regional growth initiatives.
 

July 2, 2014

UGG Australia on July 14 will launch an e-commerce site dedicated to its new tween-girls brand, I Heart UGG.

New York -- UGG Australia on July 14 will launch an e-commerce site dedicated to its new tween-girls brand, I Heart UGG. The retailer also plans to open two I Heart UGG stores, in Waikiki, Hawaii, and in San Francisco, in early September.

The new line includes footwear, loungewear, accessories and handbags and will be available in the United States, Japan and China.

June 30, 2014

The Levi’s brand is launching a new omnichannel global brand campaign, "Live in Levi's," developed out of a creative collaboration with FCB (Foote, Cone & Belding) and The House Worldwide.

San Francisco – The Levi’s brand is launching a new omnichannel global brand campaign, "Live in Levi's," developed out of a creative collaboration with FCB (Foote, Cone & Belding) and The House Worldwide.

June 20, 2014

John Donahoe, 54, president and CEO of EBay Inc., has been appointed to the board of directors of Nike Inc.

Beaverton, Ore. - John Donahoe, 54, president and CEO of EBay Inc., has been appointed to the board of directors of Nike Inc. Donahoe joined EBay in 2005 as president of EBay Marketplaces, and was appointed president and CEO in 2008.

June 19, 2014

Abercrombie & Fitch is reportedly rolling out charging stations for mobile phones and tablets in its stores.

New Albany, Ohio – Abercrombie & Fitch is reportedly rolling out charging stations for mobile phones and tablets in its stores. According to TheStreet, there are currently two Abercrombie & Fitch stores with mobile charging stations installed, and the retailer plans to roll out the stations at several more Abercrombie and Hollister stores by the end of the year.

June 10, 2014

Abercrombie & Fitch Co. has named Christos Angelides president of its Abercrombie & Fitch and Abercrombie Kids brands, a position he is expected to take in October 2014. Angelides, 51, will report to A&F CEO Mike Jeffries and will have overall responsibility for all product and customer-facing activities for the Abercrombie & Fitch and Abercrombie Kids brands.

New Albany, Ohio — Abercrombie & Fitch Co. has named Christos Angelides president of its Abercrombie & Fitch and Abercrombie Kids brands, a position he is expected to take in October 2014. Angelides, 51, will report to A&F CEO Mike Jeffries and will have overall responsibility for all product and customer-facing activities for the Abercrombie & Fitch and Abercrombie Kids brands.  

He will also be accountable for the financial performance of the brands.

May 28, 2014

Abercrombie & Fitch Co. and Abercrombie & Fitch Stores Inc. have offered to pay $96,000 to 13 assistant managers for failing to pay proper overtime wages, in connection with a lawsuit filed in the Eastern District of New York.

New Albany, Ohio – Abercrombie & Fitch Co. and Abercrombie & Fitch Stores Inc. have offered to pay $96,000 to 13 assistant managers for failing to pay proper overtime wages, in connection with a lawsuit filed in the Eastern District of New York. This is in addition to prior offers from Abercrombie & Fitch to pay other assistant managers who had joined the lawsuit.  

May 14, 2014

Abercrombie & Fitch Co. reportedly plans to open 100 new stores under both its marquee and Hollister banners in China.

New Albany, Ohio – Abercrombie & Fitch Co. reportedly plans to open 100 new stores under both its marquee and Hollister banners in China. According to China Daily, Abercrombie seeks to expand its presence in China during the next 10 years, and will also open a dedicated Chinese e-commerce site.

May 13, 2014

Abercrombie & Fitch Co. CEO Michael Jeffries saw his pay shrink 72% in 2013, according to a filing by the company on Tuesday.

New Albany, Ohio -- Abercrombie & Fitch Co. CEO Michael Jeffries saw his pay shrink 72% in 2013, according to a filing by the company on Tuesday.

The teen retailer has recorded declining sales and profits, and Jeffries has come under fire. His total compensation last year was $2.24 million, down from $8.16 million in the previous year and $48.1 million in Abercrombie’s fiscal 2011. He was paid more than $20 million a year in the three years before that, according to the report.  

May 8, 2014

Hollister Co. will open the Hollister House this summer, focusing an omni-channel marketing campaign on a beach house that will run from Memorial Day weekend through early August.

Santa Monica, Calif. - Hollister Co. will open the Hollister House this summer, focusing an omni-channel marketing campaign on a beach house that will run from Memorial Day weekend through early August. The retailer will feature new summer styles and host music performances at the house all summer long, with consumers able to follow through Hollister’s social media channels.

May 1, 2014

Abercrombie & Fitch Co. will nominate for election to its board of directors four new independent director candidates: Bonnie R. Brooks, Sarah M. Gallagher, Diane L. Neal and Stephanie M. Shern.

New Albany, Ohio -- Abercrombie & Fitch Co. will nominate for election to its board of directors four new independent director candidates: Bonnie R. Brooks, Sarah M. Gallagher, Diane L. Neal and Stephanie M. Shern. The board retained a third-party search firm to assist in the search process for new independent directors with relevant experience.

April 14, 2014

Levi Strauss & Co. has named former Walmart executive Marc Rosen as executive VP and president of global e-commerce, effective May 5.

San Francisco -- Levi Strauss & Co. has named former Walmart executive Marc Rosen as executive VP and president of global e-commerce, effective May 5.

Rosen was most recently senior VP of global e-commerce at Walmart, where he was responsible for designing, building, operating and expanding Walmart.com. He also served as senior VP of information systems, with responsibility for Walmart’s global merchandising, supply chain and store systems

April 9, 2014

Abercrombie & Fitch Co. announced that Joanne C. Crevoiserat has been named executive VP and CFO of the company, a position she is expected to take up in May, 2014.

New Albany, Ohio -- Abercrombie & Fitch Co. announced that Joanne C. Crevoiserat has been named executive VP and CFO of the company, a position she is expected to take up in May, 2014.

April 8, 2014

Adidas Originals Collective (in Footaction)
Design/architecture: Big Red Rooster, Columbus, Ohio
Construction: Footaction, New York City
Lighting: Artemide/Voltage, Cincinnati
Fixtures/wallcoverings: G3K Displays, New York City; MDC Wall, New York City; Visual Magnetics, Mendon, Mass.
Flooring: Questmark Flooring, Allentown, Pa.; Bolon/Mats, Stoughton, Mass.

AT&T, Atlanta
Design/architect: Callison, Seattle
General contractor: US Communcations, Alpharetta, Ga.

March 21, 2014

Engaged Capital, an investment firm specializing in small and mid-cap North American equities and stockholder of Abercrombie & Fitch Co. has retained an independent global professional services firm to assist Engaged Capital in setting a new direction for Abercrombie.

Newport Beach, Calif. - Engaged Capital, an investment firm specializing in small and mid-cap North American equities and stockholder of Abercrombie & Fitch Co. has retained an independent global professional services firm to assist Engaged Capital in setting a new direction for Abercrombie. The firm has decades of experience in the retail and apparel sector, including the turnaround and restructuring of underperforming businesses.

March 10, 2014

Abercrombie & Fitch Co. reportedly plans to shift its marketing and merchandising focus from teens to college students.

New Albany, Ohio – Abercrombie & Fitch Co. reportedly plans to shift its marketing and merchandising focus from teens to college students. According to Bloomberg, Abercrombie executives said they will shift marketing, assortments and pricing to appeal to the collegiate market.

March 6, 2014

Abercrombie & Fitch Co. and Abercrombie & Fitch Stores, Inc. have offered to pay about $4,000 to one assistant manager for failing to pay proper overtime wages from May 16, 2010 to present, in connection with a lawsuit filed in the Eastern District of New York.

New Albany, Ohio -- Abercrombie & Fitch Co. and Abercrombie & Fitch Stores, Inc. have offered to pay about $4,000 to one assistant manager for failing to pay proper overtime wages from May 16, 2010 to present, in connection with a lawsuit filed in the Eastern District of New York. Abercrombie agreed to pay the assistant manager's attorney's fees and court costs to be determined by the court.

March 5, 2014

Nike's store in University Village, Seattle, was created as a sanctuary for athletes. The goal is present in every detail in the 6,247-sq.-ft. store, including this quote from company co-founder Bill Bowerman that is painted onto the bleacher board behind the cash wrap: "There's no such thing as bad weather, just soft people."

Nike's store in University Village, Seattle, was created as a sanctuary for athletes. The goal is present in every detail in the 6,247-sq.-ft. store, including this quote from company co-founder Bill Bowerman that is painted onto the bleacher board behind the cash wrap: "There's no such thing as bad weather, just soft people."

March 5, 2014

Nike's store in University Village, Seattle, was created as a sanctuary for athletes.

Nike's store in University Village, Seattle, was created as a sanctuary for athletes. The goal is present in every detail in the 6,247-sq.-ft. store, including this quote from company co-founder Bill Bowerman that is painted onto the bleacher board behind the cash wrap: "There's no such thing as bad weather, just soft people."