Abercrombie & Fitch Co (ANF) Key Developments | Reuters.com
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Abercrombie & Fitch Co (ANF)

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Latest Key Developments (Source: Significant Developments)

NY attorney general questions Abercrombie & Fitch Co and other retailers’ practices for on-call staff, pay for short shifts - AP
Sunday, 12 Apr 2015 08:00pm EDT 

Abercrombie & Fitch Co:New York’s attorney general has launched an inquiry into 13 retailers, questioning the practice of keeping workers on call for shifts on short notice and possible violations of the state requirement to pay hourly staff for atleast four hours when they report to work - The Associated Press.Letters were sent to Gap Inc., Abercrombie & Fitch, J. Crew Group Inc., L. Brands, Burlington Coat Factory, TJX Companies, Urban Outfitters, Target Corp., Sears Holding Corp., Williams-Sonoma Inc., Crocs, Ann Inc. and J.C. Penney Co. Inc.Attorney General has targeted New York employers who cheat or underpay low-wage workers, getting more than $17 mln in restitution for about 14,000 workers from fast food franchise owners, construction contractors and others.The attorney general’s office is now examining retailers and whether reporting in to an employer also triggers the pay requirement under New York law.The attorney general’s office said it has received reports of more employers setting shifts the night before or even just a few hours in advance, including these 13.  Full Article

Abercrombie & Fitch declares quarterly cash dividend
Thursday, 19 Feb 2015 08:45am EST 

Abercrombie & Fitch Co:Declared a quarterly cash dividend of $0.20 per share on the Class A Common Stock of Abercrombie & Fitch Co, payable on March 11 to shareholders of record at the close of business on March 3.  Full Article

Abercrombie & Fitch Co and Hollister sign an exclusive license agreement with Inter Parfums
Tuesday, 16 Dec 2014 08:45am EST 

Abercrombie & Fitch Co and Inter Parfums:Says they have entered into a seven-year exclusive worldwide fragrance license agreement.Says Inter Parfums will create, produce and distribute new perfumes and fragrance-related products, including new men's and women's scents planned for both Abercrombie & Fitch and Hollister for 2016.Says Inter Parfums will distribute these fragrances internationally in specialty retailers, high-end department stores and duty free shops, and in the U.S., in duty free shops and potentially in Abercrombie and Hollister retail stores.  Full Article

Abercrombie & Fitch announces senior leadership changes
Tuesday, 9 Dec 2014 08:45am EST 

Abercrombie & Fitch Co:Says Michael Jeffries is retiring as Chief Executive Officer and a member of the Board of Directors, effective immediately.Says current Non-Executive Chairman of the Board, Arthur Martinez, will become Executive Chairman.Says Office of the Chairman, led by Arthur Martinez, will oversee the company's strategic direction and be responsible for managing the company's day-to-day operations until a new CEO is appointed.  Full Article

Abercrombie & Fitch Co lowers FY 2014 EPS guidance
Wednesday, 3 Dec 2014 08:00am EST 

Abercrombie & Fitch Co:Expects FY 2014 adjusted diluted EPS in the range of $1.50 - $1.65.FY 2014 EPS of $1.72 - Thomson Reuters I/B/E/S.  Full Article

Abercrombie & Fitch Co announces entry into Mexico
Friday, 21 Nov 2014 08:45am EST 

Abercrombie & Fitch Co:Has entered into franchise agreement with Grupo AXO to establish retail store presence in Mexico.Says franchise arrangement, first in company's history, will encompass both Abercrombie & Fitch and Hollister brands.First Hollister store is set to open in late spring 2015 and first Abercrombie & Fitch store is expected to open in late summer 2015.  Full Article

Abercrombie & Fitch Co declares quarterly cash dividend
Thursday, 20 Nov 2014 05:00pm EST 

Abercrombie & Fitch Co:Declares a quarterly cash dividend of $0.20 per share on the Class A Common Stock of Abercrombie & Fitch Co.Payable on Dec. 10 to shareholders of record at the close of business on Dec. 2.  Full Article

Abercrombie & Fitch Co reaffirms FY 2014 EPS guidance; raises FY 2014 comparable sales guidance - Conference Call
Thursday, 28 Aug 2014 08:30am EDT 

Abercrombie & Fitch Co:Continue to expect FY 2014 diluted earnings per share in the range of $2.15 to $2.35.Guidance is based on the assumption that FY 2014 total comparable sales will be down by a mid-single-digit percent.  Full Article

Abercrombie & Fitch Co declares quarterly cash dividend
Thursday, 21 Aug 2014 08:58am EDT 

Abercrombie & Fitch Co:Declared quarterly cash dividend of $0.20 per share on Class A common stock.Payable on Sept. 10 to shareholders of record at close of business on Sept. 2.  Full Article

US STOCKS-Wall Street hits 'pause' after two-day surge

* Abercrombie slumps after sales fall for 13th straight quarter