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Abercrombie's next CEO will have to revamp outdated brand, again

Thursday, December 11, 2014 - 05:50
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The company needs a successor who can appeal to today's teens in an industry suffering from e-commerce competition and shrinking foot traffic.

New York

ABERCROMBIE & Fitch Co, a former purveyor of safari gear that was reborn as a teen clothing chain, is searching for its next incarnation.

The company, which announced the departure of longtime chief executive officer Mike Jeffries on Tuesday, needs a successor who can