For me, one of the most memorable things that the public learned from an age-discrimination lawsuit against a former pilot for Abercrombie & Fitch’s corporate jet was not that the attendants were male models required to wear flip-flops, boxer briefs, and A&F cologne. It was that CEO Michael Jeffries required that the jet play the song “Take Me Home” by Phil Collins whenever it was headed back to Ohio. Now the jet is for sale and the CD has been shelved for good.
That was one piece of information shared during the teen-oriented clothing company’s quarterly results conference call. While the sale of the jet may be promising information for investors, the company’s financial results were not so promising.
Abercrombie is in a tough spot right now, not really knowing who it is as a company. They’re experimenting with things that former CEO Jeffries never would have allowed, like evaluating managers based on how much money a store takes in and not on how hot the employees are. They will sell clothes in the color black, and pants with zippers, and maybe some items for women that come in size extra-large. They say that they also plan to maybe experiment with turning the music down and the lights up inside their stores.
Abercrombie & Fitch’s Identity Crisis: From Clueless Preppy to Sullen Teen [Bloomberg]
by Laura Northrup via Consumerist
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