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Abercrombie & Fitch Extends CEO's Deal
December 31, 2008
New Albany, Ohio-based fashion retailer Abercrombie & Fitch has agreed to an extended deal to keep CEO Michael Jeffries at the company until 2014. Jeffries, who also is the company's chairman, signed the agreement just days before his previous deal was scheduled to expire on Dec. 31. The new deal, which is being filed with the Securities and Exchange Commission, is now scheduled to expire on Feb. 1, 2014. The company operates 353 Abercrombie & Fitch stores, 211 Abercrombie stores, 501 Hollister Co. stores, 27 RUEHL stores and 13 Gilly Hicks stores in the United States.
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DDI visited the new JCPenney department store at Manhattan Mall in New York and spoke with store manager Joe Cardamone. Below is video of that conversation paired with a walk-through tour of the new store. For more on the JCPenney store, look out for DDI's November/December issue mailing out at the end of November.
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