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n2doc

(47,953 posts) Tue Dec 9, 2014, 02:40 PM Dec 2014

Abercrombie CEO abruptly retires as sales fall

Source: SF Gate/AP

Abercrombie & Fitch's longtime and controversial CEO Michael Jeffries has abruptly retired, as the once-hip teen clothing chain's sales decline.

Investors pushed Abercrombie's shares up more than 6 percent on the news.

Jeffries is also retiring from the retailer's board of directors. He has served as CEO since February 1992, according to CapitalIQ.

"I believe now is the right time for new leadership to take the company forward in the next phase of its development," Jeffries said in a statement.

Read more: http://www.sfgate.com/business/article/Abercrombie-Fitch-CEO-retiring-5944794.php

Good Riddance

5 replies

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Abercrombie CEO abruptly retires as sales fall (Original Post) n2doc Dec 2014 OP

Agree. A fat-phobic bastard. alp227 Dec 2014 #1

but not plastic surgery-phobic Liberal_in_LA Dec 2014 #4

he was quite the imbecile from what i've read samsingh Dec 2014 #2

Don't worry, he'll have another seven-figure job in a few weeks. nichomachus Dec 2014 #3

Ditching him will solve Abercrombie's biggest problem jmowreader Dec 2014 #5

alp227

(32,018 posts)

1. Agree. A fat-phobic bastard.

Reply to n2doc (Original post)

Tue Dec 9, 2014, 03:04 PM

Dec 2014

http://uproxx.com/webculture/2013/05/abercrombie-and-fitch-ceo-mike-jeffries-vs-the-internet/

The free market bit him in the ass real hard. But I expect our FRiends to say "OBAMA IS RETALIATING AGAINST POLITICALLY INCORRECT BUSINESSSES! FREE SPEECH!"