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Abercrombie & Fitch Cuts 170 Jobs

The Columbus Dispatch reports that Abercrombie & Fitch is cutting 170 jobs at its home office.
It is the second round of layoffs this year for the purveyor of pricey casual clothing for young people. In January, the company terminated about 50 employees at its New Albany headquarters, and confirmed that it would not fill dozens of open positions.

"The company is committed to improving its efficiency. As a result, it has implemented significant initiatives at its home office where it is in the process of eliminating approximately 170 positions," chief legal counsel David Cupps said, reading from a prepared statement.
Abercrombie & Fitch has been struggling. The company's same store sales in March plunged 34%. There's also concern they are losing the teenagers that once found the brand so hip. Recently, the company said its Ruehl chain is a drag on earnings but they have not announced any store closings.

Tags: abercrombie-fitch | abercrombie-layoffs | retail-layoffs | abercrombie-cuts

Posted on April 30, 2009
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