Abercrombie Taps Target, Victoria's Secret Veterans as Brand Chiefs
May 23 2016 - 10:10AM
Dow Jones News
Abercrombie & Fitch Co. named Target Corp. veteran Stacia
Andersen and Victoria's Secret veteran Kristin Scott as the apparel
retailer's new brand presidents.
Both will report to Chief Merchandising Officer Fran Horowitz,
who was promoted to the new role in December. She joined
Abercrombie in October 2014 as brand manager of the Hollister brand
and oversaw its turnaround.
Ms. Andersen will head up the company's namesake and abercrombie
kids brands. During her 20 years at Target, Ms. Andersen most
recently had served as the discount retailer's vice president of
merchandising. Ms. Andersen succeeds former Abercrombie brand
manager Christos Angelides, who left the company last year. Ms.
Andersen is set to join Abercrombie next month.
Ms. Scott, who will lead the Hollister brand, most recently
served as general merchandise manager for Victoria's Secret, a unit
of L Brands Inc. Ms. Scott is set to join Abercrombie around the
beginning of August.
Abercrombie, which is still operating without someone formally
holding the chief executive post, in March reported its first
same-store sales gain in more than three years as profit soared 33%
in the holiday quarter, signs that its turnaround efforts are
taking hold.
The company has been run by an office of the chairman, which
includes Ms. Horowitz and Chairman Arthur Martinez, since former
CEO Mike Jeffries stepped down in December 2014.
The retailer is set to report its earnings on Thursday for the
three-month period ended in April.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
May 23, 2016 09:55 ET (13:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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