Even as Abercrombie and Fitch reported a 43 percent decline in net income for fiscal 2008 ended January 31, the board of the teen apparel retailer was rewarding its long-time Chief Executive Michael Jeffries with a lucrative new employment agreement, including retention grants totaling four million shares of common stock. Jeffries, who has been CEO since 1992, has proven to be a skilled...
Retail Industry Archive
April 2009
P.S. Aeropostale has a good idea. The retailer of fashions for teens is turning to tweens ages seven to 12 with a store concept it is calling P.S. from Aeropostale, and its timing couldn’t be better. Aeropostale will rework its teen fashions for tweens. For one thing, products for kids aren’t necessarily hurting in the recession, as the success of the video game sector attests. For another,...
Game Stop’s recent results demonstrate that the recession, despite its depth, is a selective thing and that consumers will spend on products that enhance their lifestyles even if they have scaled back. The most extraordinary thing about the gaming market may not be the software sales – and it is interesting that many consumers who are supposed to be wary of spending money seem to regard...
Advertising firms rejoice! At least one retailer out there cutting back on new-store openings is beefing up its marketing plans. Discount-shoe retailer DSW only plans to open 10 new stores this year (even though it just crossed the 300-store milestone), down from 41. But it’s also boosting its marketing budget by $15 million, a significant jump from what the retailer was spending in the...
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Industry Transcripts by Seeking Alpha
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