Abercrombie Promotes Hollister Head to Chief Merchandiser
December 22 2015 - 9:50AM
Dow Jones News
Abercrombie & Fitch Co. on Tuesday elevated Fran Horowitz,
the head of its Hollister brand, to the new role of merchandising
chief and announced the departure of another top executive.
Christos Angelides, the retailer's brand president since October
2014, has left the company, Abercrombie said.
With Mr. Angelides departure, Ms. Horowitz will now assume
responsibility for all of Abercrombie's brands, effective
immediately. She has held executive and merchandising roles at Ann
Inc., Express Inc. and Bloomingdales.
Mr. Angelides and Ms. Horowitz have been in contention for the
chief executive role at Abercrombie, which has been vacant since
late 2014. Both joined the retailer in 2014 as part of its
turnaround efforts.
Abercrombie has been struggling to reinvent itself after its
formula for attracting teens with logo-emblazoned shirts and
sex-tinged marketing faltered.
Arthur Martinez, the company's executive chairman, said in a
news release that Abercrombie is on track to deliver sequential
improvement in comparable sales and meet its profit expectations
for its fiscal fourth quarter.
In the third quarter, Abercrombie's profit more than doubled, as
its effort to revamp its brand and wean customers off heavy
discounts paid off. Still, sales excluding newly opened or closed
stores fell 1%.
Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com
(END) Dow Jones Newswires
December 22, 2015 09:35 ET (14:35 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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