US: Abercrombie & Fitch CFO takes on new COO role
In its latest round of management changes, teen apparel retailer Abercrombie & Fitch has promoted CFO Jonathan Ramsden to the newly-created role of COO.
Ramsden, who has been with the company since December 2008, will continue to serve as CFO until a replacement is found. As COO, he will help to manage the overall execution of the company's long-term strategic plans.
FBR analyst Susan Anderson described the change as positive. "Given this and his experience with Abercrombie & Fitch, we think this move could potentially create a successor to Jeffries," she said.
"Even though investors may want an outsider, we think Ramsden is also a good choice," she said, adding, "we believe [he is] the driving force behind current operational changes, and is well regarded by investors."
The move comes days after the teen apparel retailer separated the roles of chairman and CEO, leaving Michael Jeffries at the helm, while naming former Sears boss Arthur Martinez non-executive chairman.
Canadean's "Abercrombie & Fitch Co. : Retailing - Company Profile, SWOT & Financial Analysis" contains in depth information and data about the company and its operations. The profile contains a compan...
Teen apparel retailer Abercrombie & Fitch Co is using the Demandware Commerce platform to power the expansion of its digital retail operations across Asia....
Apparel sales increased in 2013, mainly driven by increased consumer confidence and expenditure. This positive growth was also largely due to the increasing popularity of outdoor wear and sportswear. ...
Menswear recorded value growth of 12%, reaching HKD$24 billion in 2013. Better economic development resulted in stronger consumer confidence. Eventually, it became the contributory factor that raised ...
- Three tipping points for RFID in fashion
- Capacity building key to Myanmar momentum
- Cotton “too diverse” for fixed sustainability plan
- Apparel buyers point to potential in Africa
- China undisputed giant of garment exports
- Wal-Mart silent on Rana Plaza lawsuit
- SOURCING: Global sourcing snapshots launched
- VF Corp lifts outlook despite Q1 profit fall
- Nike criticised over Vietnam sourcing ethics
- Garment group reiterates labour rights commitment