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Michael Stanton Jeffries (born 1944 or 1945) [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 ...
The history of Abercrombie & Fitch began in the 19th century and extends into the 21st century. Key figures who changed and influenced the course of Abercrombie & Fitch 's history include co-founders David T. Abercrombie and Ezra Fitch, Limited Brands and Michael Jeffries, the former chairman and CEO. [ 1]
Prep-school by Abercrombie & Fitch [85] Themed as "classic cool" for kids 7 through 14, [2] this is the children's version of Abercrombie & Fitch. Hollister Co. Southern California by Abercrombie & Fitch [85] Themed after "SoCal" for teenagers 14 through 18, [2] with significantly lower prices than its parent brand. Gilly Hicks
This store became the training ground for Leslie Wexner. In 1963, he borrowed $5,000 from his aunt and $5,000 from the bank and opened a store at the Kingsdale Shopping Center in Upper Arlington. [5] This store was named "The Limited" because the store focused on clothing for younger women, unlike his parents' general merchandise store.
Just for Feet – bankrupt in 1999, acquired by Footstar, final stores closed in 2004. MC Sports – filed for bankruptcy and closed in 2017. Modell's Sporting Goods – first store opened in 1889. On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores.
The company outlined 2025 sales targets of $4.1 billion to $4.3 billion and an 8% operating margin. Abercrombie & Fitch did $3.7 billion in sales in 2021.
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