Abercrombie & Fitch Elects Craig R. Stapleton Director
February 13 2009 - 2:31PM
PR Newswire (US)
NEW ALBANY, Ohio, Feb. 13 /PRNewswire-FirstCall/ -- Abercrombie
& Fitch Co. (NYSE:ANF) announced that its Board of Directors
has elected Craig R. Stapleton as a director. Mr. Stapleton served
as United States ambassador to the Czech Republic from 2001 until
2004 and as United States ambassador to France from 2005 until his
resignation upon the inauguration of President Obama. Mr. Stapleton
received his B.A. and M.B.A. from Harvard, and served as President
of Marsh and McLennan Real Estate Advisors of New York from 1982
until his first ambassadorial appointment. Mr. Stapleton was also
co-owner of the Texas Rangers baseball team from 1989 until 1998.
"Craig Stapleton brings a wonderful mixture of business experience
and international savvy that our Nominating and Board Governance
Committee and our Board found compelling, particularly as
Abercrombie & Fitch continues its international expansion
efforts," said Mike Jeffries, chief executive officer and chairman
of the board of Abercrombie & Fitch. "We believe that A&F
and its stockholders will benefit greatly from his counsel." About
Abercrombie & Fitch A&F operated 352 Abercrombie &
Fitch stores, 210 abercrombie stores, 507 Hollister Co. stores, 28
RUEHL stores and 14 Gilly Hicks stores in the United States at the
end of fiscal January. A&F operates three Abercrombie &
Fitch stores, two abercrombie stores and five Hollister Co. stores
in Canada, and one Abercrombie & Fitch store and three
Hollister Co. stores in the United Kingdom. A&F operates
e-commerce websites at http://www.abercrombie.com/,
http://www.abercrombiekids.com/, http://www.hollisterco.com/,
http://www.ruehl.com/ and http://www.gillyhicks.com/. Safe Harbor
Statement under the Private Securities Litigation Reform Act of
1995 A&F cautions that any forward-looking statements (as such
term is defined in the Private Securities Litigation Reform Act of
1995) contained in this Press Release or made by management of
A&F involve risks and uncertainties and are subject to change
based on various important factors, many of which may be beyond the
Company's control. Words such as "estimate," "project," "plan,"
"believe," "expect," "anticipate," "intend," and similar
expressions may identify forward-looking statements. The following
factors, in addition to those included in the disclosure under the
heading "MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS" in "Item 2. Safe Harbor
Statement Under the Private Securities Litigation Reform Act of
1995" of A&F's Quarterly Report on Form 10-Q for the quarterly
period ended November 1, 2008, in some cases have affected and in
the future could affect the Company's financial performance and
could cause actual results for the 2009 fiscal year and beyond to
differ materially from those expressed or implied in any of the
forward-looking statements included in this Press Release or
otherwise made by management: changes in consumer spending patterns
and consumer preferences; the effects of political and economic
events and conditions domestically and in foreign jurisdictions in
which the Company operates, including, but not limited to, acts of
terrorism or war; the impact of competition and pricing; changes in
weather patterns; postal rate increases and changes; paper and
printing costs; market price of key raw materials; ability to
source product from its global supplier base; political stability;
currency and exchange risks and changes in existing or potential
duties, tariffs or quotas; availability of suitable store locations
at appropriate terms; ability to develop new merchandise; ability
to hire, train and retain associates; and the outcome of pending
litigation. Future economic and industry trends that could
potentially impact revenue and profitability are difficult to
predict. Therefore, there can be no assurance that the forward-
looking statements included in this Press Release will prove to be
accurate. In light of the significant uncertainties in the forward-
looking statements included herein, the inclusion of such
information should not be regarded as a representation by the
Company, or any other person, that the objectives of the Company
will be achieved. The forward-looking statements herein are based
on information presently available to the management of the
Company. Except as may be required by applicable law, the Company
assumes no obligation to publicly update or revise its
forward-looking statements even if experience or future changes
make it clear that any projected results expressed or implied
therein will not be realized. DATASOURCE: Abercrombie & Fitch
Co. CONTACT: Eric Cerny, Manager, Investor Relations, Abercrombie
& Fitch Co., +1-614-283-6385 Web site:
http://www.abercrombie.com/ http://www.abercrombiekids.com/
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