Abercrombie Shakes Up Management, Even After Beating Q3 Estimates

Abercrombie & Fitch Co. has eliminated its brand president positions, naming Kristin Scott president, global brands.
In the change, Scott was elevated from her previous post as brand president of Hollister Co. Stacia Andersen, who was brand president of Abercrombie and Abercrombie Kids, will be leaving the company. Abercrombie said the restructuring will combine the leadership of planning and inventory management into a cross-brand role, with the person reporting to Scott. Scott in turn reports to Fran Horowitz, the retailer’s chief executive officer. Core customer-facing functions, including marketing and product development, are part of the branded structures and are under Scott’s domain.
Scott, 51, joined the company in 2016 as brand president of Hollister, She has held senior merchandising positions at Victoria’s Secret, Gap Outlet and Target Corp. Under her leadership, with a focus on a customer-centric approach, Hollister has had eight consecutive quarters of positive comparable sales for the brand.
Horowitz said, “With strong foundations in place across brands, our playbooks working, and a solid start to the holiday season, these organizational changes are part of the continuing transformation of our business to support our longer-term global growth ambitions.”
Execution on those playbooks helped the company best Wall Street’s estimates for the quarter

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