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Michael Stanton Jeffries (born 1943 or 1944) [1] is an American businessman who was chairman and CEO of clothing retailer Abercrombie & Fitch from 1992 to 2014. During Jeffries' tenure, he engineered a turnaround of Abercrombie & Fitch from a "fashion backwater" losing $25 million yearly to a lifestyle brand grossing $2 billion yearly by 2006, though this approach courted controversy with the ...
Given Horowitz’s career arc, her work at Abercrombie & Fitch shouldn’t be a surprise. Horowitz got her start folding clothes at a local shop while in high school. She exited college and headed ...
In 1904, it was incorporated and renamed "Abercrombie & Fitch Co." Fitch eventually bought out Abercrombie's share of the business, becoming its sole owner from 1907 to 1928. [7] The company was an elite outfitter of sporting and excursion goods, particularly noted for its expensive shotguns, fishing rods, fishing boats, and tents. [ 7 ]
She was promoted to president and Chief Merchandising Officer of Abercrombie & Fitch Co., a new corporate role, in December 2015. [5] She served in this capacity for 13 months before being named CEO and member of the board of directors. Her 2017 annual compensation was $10.3 million of which roughly two-thirds were awarded in company stock.
By 2006, Abercrombie & Fitch’s earnings had risen for 52 straight quarters, with annual profits of more than $2 billion. Plus, the company had opened hundreds of new brick-and-mortar stores and ...
Abercrombie & Fitch did $3.7 billion in sales in 2021. The business has tended to produce mid to high single operating margins in the past few years. Longer-term, Abercrombie sees potential to hit ...