Bussiness
From dying mall brand to Wall Street winner: How Abercrombie & Fitch pulled off retail’s biggest comeback
Under the direction of CEO Fran Horowitz, Abercrombie has become one of the biggest winners in retail, but its turnaround was years in the making and far from an overnight success.
Over the last seven years, Horowitz changed Abercrombie’s product assortment and moved the company away from loud branding and sex appeal, critical components of the retailer’s past playbook.
She also overhauled the retailer’s store footprint by closing hundreds of locations and changing the shops to look more modern, inviting and better suited to its new target customer.
Perhaps most importantly, Abercrombie rebranded itself into a more equitable retailer after it earned a reputation for racism, toxicity and exclusivity.
To learn more about Abercrombie’s comeback and what’s ahead for the retailer after a year of meteoric growth, check out the video above.