Abercrombie Execs Blame Decline on CEO Mike Jeffries' Bossy Boyfriend
LatestEven before Abercrombie & Fitch CEO and douchenozzle Mike Jeffries started getting pummeled for his 2006 comments about sizing his clothes to fit “cool, good-looking” kids only, the company was on the decline domestically.
Even newer numbers have shown that revenue dropped 17% in the first quarter of the year, which Jeffries has attributed in a statement due to “more significant inventory shortage issues than anticipated, added to by external pressures.” The L.A. Times reports that it lost $7.2 million, or 9 cents a share after losing $21.3 million, or 25 cents a share, during the same period a year earlier.