Abercrombie & Fitch Co. expands its Board with the election of Kerrii B. Anderson as director

NEW ALBANY, Ohio, 2018-Mar-01 — /EPR Retail News/ — Abercrombie & Fitch Co. (NYSE:ANF) today ( Feb. 27, 2018) announced the election of Kerrii B. Anderson as a director, effective February 23. Ms. Anderson will serve as a member of the Audit and Finance Committee of the Board. With Ms. Anderson’s election, Abercrombie & Fitch Co.’s Board expands to ten directors, four of whom are female.

Ms. Anderson, 60, most recently served as president, chief executive officer and a member of the board of directors of Wendy’s International Inc., now The Wendy’s Company, during a transformative time at that company, where she developed a strategic vision and plan for the Wendy’s brand.  Prior to serving as its CEO, Ms. Anderson served as executive vice president and chief financial officer. Prior to her positions at Wendy’s, Anderson spent the majority of her career with M/I Schottenstein Homes Inc., now M/I Homes Inc., one of the nation’s leading homebuilders, where she served as senior vice president and chief financial officer.

Ms. Anderson currently serves as a director of Worthington Industries and is a member of its Compensation Committee and Audit Committee.  She also serves as a director of Laboratory Corporation of America Holdings, and is Chair of its Audit Committee and a member of its Nominating and Corporate Governance Committee.  Anderson serves in the following capacities with non-profit entities: The Columbus Foundation – Finance Committee; OhioHealth – member of its Board of Directors and Chair of its Finance and Audit Committee; and Elon University – Chair of the Board of Trustees and Audit Committee member. Ms. Anderson received a Bachelor of Arts degree in business administration with a minor in accounting and economics from Elon University and earned her MBA at the Fuqua School of Business at Duke University.

Commenting on the election, Abercrombie & Fitch Co. Chairman of the Board, Terry Burman, said, “With Kerrii’s impressive leadership track record, deep expertise in finance, operations and strategy, and significant consumer-facing public company management and board experience, she will bring a fresh perspective to our Board. We are excited to welcome Kerrii to A&F and look forward to working together as we continue to drive the Company and its brands forward.”

“I am honored to join the Board of Directors of this storied company. I look forward to working together with Fran, Terry, and the rest of the Board and the management team, at this exciting time in the Company’s evolution,” commented Ms. Anderson.

A&F cautions that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this Press Release or made by management or spokespeople of A&F involve risks and uncertainties and are subject to change based on various important factors, many of which may be beyond the company’s control. Words such as “estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend,” and similar expressions may identify forward-looking statements. Except as may be required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements. The following factors, in addition to those disclosed in “ITEM 1A. RISK FACTORS” of A&F’s Annual Report on Form 10-K for the fiscal year ended January 28, 2017 and in A&F’s subsequently filed quarterly reports on Form 10-Q, in some cases have affected, and in the future could affect, the company’s financial performance and could cause actual results for Fiscal 2017 and beyond to differ materially from those expressed or implied in any of the forward-looking statements included in this Press Release or otherwise made by management: changes in global economic and financial conditions, and the resulting impact on consumer confidence and consumer spending, as well as other changes in consumer discretionary spending habits, could have a material adverse effect on our business, results of operations and liquidity; our inability to anticipate customer demand and changing fashion trends and to manage our inventory commensurately could adversely impact our sales levels and profitability; our market share may be negatively impacted by increasing competition and pricing pressures from companies with brands or merchandise competitive with ours; direct-to-consumer sales channels are a significant component of our growth strategy, and the failure to successfully develop our position in these channels could have an adverse impact on our results of operations; our ability to conduct business in international markets may be adversely affected by legal, regulatory, political and economic risks; our inability to successfully implement our strategic plans could have a negative impact on our growth and profitability; our failure to protect our reputation could have a material adverse effect on our brands; our business could suffer if our information technology systems are disrupted or cease to operate effectively; we may be exposed to risks and costs associated with cyber-attacks, credit card fraud and identity theft that would cause us to incur unexpected expenses and reputation loss; fluctuations in foreign currency exchange rates could adversely impact our financial condition and results of operations; changes in the cost, availability and quality of raw materials, labor, transportation and trade relations could cause manufacturing delays and increase our costs; we depend upon independent third parties for the manufacture and delivery of all our merchandise, and a disruption of the manufacture or delivery of our merchandise could result in lost sales and could increase our costs; our ability to attract customers to our stores depends, in part, on the success of the shopping malls or area attractions that our stores are located in or around; we rely on the experience and skills of our senior executive officers, the loss of whom could have a material adverse effect on our business; our reliance on DCs makes us susceptible to disruptions or adverse conditions affecting our supply chain; our litigation exposure could have a material adverse effect on our financial condition and results of operations; our inability or failure to adequately protect our trademarks could have a negative impact on our brand image and limit our ability to penetrate new markets; fluctuations in our tax obligations and effective tax rate may result in volatility in our operating results; extreme weather conditions and the seasonal nature of our business may cause net sales to fluctuate and negatively impact our results of operations; our facilities, systems and stores, as well as the facilities and systems of our vendors and manufacturers, are vulnerable to natural disasters, pandemic disease and other unexpected events, any of which could result in an interruption to our business and adversely affect our operating results; the impact of war or acts of terrorism could have a material adverse effect on our operating results and financial condition; changes in the regulatory or compliance landscape could adversely affect our business and results of operations; our Asset-Based Revolving Credit Agreement and our Term Loan Agreement include restrictive covenants that limit our flexibility in operating our business; and, compliance with changing regulations and standards for accounting, corporate governance and public disclosure could adversely affect our business, results of operations and reported financial results.

About Abercrombie & Fitch Co.

Abercrombie & Fitch Co. (NYSE:ANF) is a leading, global specialty retailer of apparel and accessories for Men, Women and Kids through three renowned brands. For 125 years, the iconic Abercrombie & Fitch brand has outfitted innovators, explorers and entrepreneurs. Today, the brand reflects the updated attitude of the 21 to 24-year old customer, while remaining true to its heritage of creating expertly crafted products with an effortless, American style. The Hollister brand epitomizes the liberating and carefree spirit of the endless California summer for the teen market. abercrombie kids creates smart, playful apparel for children ages 5-14, celebrating the wide-eyed wonder of childhood.

The brands share a commitment to offering products of enduring quality and exceptional comfort that allow consumers around the world to express their own individuality and style. The Company operates approximately 870 stores under these brands across North America, Europe, Asia and the Middle East, as well as the e-commerce sites www.abercrombie.com and www.hollisterco.com.

Investor Contact:  
Brian Logan
Abercrombie & Fitch
(614) 283-6877

Media Contact:
Ian Bailey
Abercrombie & Fitch
(614) 283-6192

Source: Abercrombie & Fitch Company/globenewswire

Defense Commissary Agency announces retirement of its Director and CEO Joseph H. Jeu

FORT LEE, Va., 2017-Feb-10 — /EPR Retail News/ — Defense Commissary Agency Director and CEO Joseph H. Jeu announced today (Feb. 2, 2017) that he will retire June 3 after more than 38 years of federal service. Jeu has served as DeCA’s director since January 2011.

Over the course of his six and a half years as DeCA director, Jeu has guided the agency through an enormous and challenging transformation; set an aggressive strategic direction to ensure the relevance of the commissary benefit for generations to come; and provided direction and oversight for the modernization of DeCA’s supply chain management systems.

His plan for transforming the commissary business model set in motion actions to transition the commissary benefit from an “at cost” benefit to a “variable-price” business model, intended to preserve the future of the benefit while reducing the agency’s reliance on appropriated funds.

Under his direction, the agency also acquired, developed and began deploying its Enterprise Business Solution (EBS), one of the most impactful business initiatives the agency had ever undertaken, which would modernize DeCA’s legacy business systems and revitalize the way it does business.

In announcing his retirement, Jeu noted, “The transformation is well on its way and the right people are in place to see it through. It’s time for me to leave it in their capable hands.”

About DeCA:

The Defense Commissary Agency operates a worldwide chain of commissaries providing groceries to military personnel, retirees and their families in a safe and secure shopping environment. Commissaries provide a military benefit and make no profit on the sale of merchandise. Authorized patrons purchase items at cost plus a 5-percent surcharge, which covers the costs of building new commissaries and modernizing existing ones. By shopping regularly in the commissary, patrons save thousands of dollars annually. A core military family support element, and a valued part of military pay and benefits, commissaries contribute to family readiness, enhance the quality of life for America’s military and their families, and help recruit and retain the best and brightest men and women to serve their country.

Media Contact:
Kevin L. Robinson
(804) 734-8000, Ext. 4-8773

Source:  Defense Commissary Agency (DeCA)

John Lewis announces the appointment of Becky Brock to the role of Director, Marketing

London, 2017-Jan-10 — /EPR Retail News/ — John Lewis today (5 January 2017) announces the appointment of Becky Brock to the role of Director, Marketing, reporting to Craig Inglis. Becky will take up the position on 20 March 2017 joining from Snow & Rock Group where she was Marketing Director.

Becky will be responsible for all aspects of the retailer’s marketing strategy and will take on the leadership of the CRM, digital, brand and category marketing teams.

Becky brings a wealth of experience to the role having worked previously with brands such as Homebase, The Edrington Group and Unilever.

Craig Inglis, Customer Director said: ‘I am really delighted that Becky will be joining us in this vital role. She brings with her a wealth of leadership experience and proven track record in brand strategy and commercial performance. We look forward to welcoming her to the team.’

Becky said: ‘It’s a privilege to be joining this unique organisation with its reputation for ground-breaking marketing. I’m looking forward to continuing to evolve the relevancy of the brand for John Lewis’s customers in a rapidly changing retail landscape.’

Notes to editors

John Lewis operates 48 John Lewis shops across the UK (34 department stores, 12 John Lewis at home and shops at St Pancras International and Heathrow Terminal 2) as well as johnlewis.com. It is part of the John Lewis Partnership, the UK’s largest example of worker co-ownership and all 30,000 John Lewis staff are Partners in the business.

John Lewis stocks more than 350,000 separate lines in its department stores and johnlewis.com across fashion, home and technology, and was named  ‘Best In-Store Experience’, ‘Best Clothing Retailer,’ ‘Best Electricals Retailer,’ ‘Best Furniture Retailer,’ ‘Best Homewares Retailer’ and ‘Best Click & Collect Retailer’ in the 2016 Verdict Customer Satisfaction awards.

Johnlewis.com is consistently ranked one of the top online shopping destinations in the UK. John Lewis Insurance offers a range of comprehensive insurance products – home, car, wedding and event, travel and pet insurance and life cover – delivering the values of expertise, trust and customer service expected from the John Lewis brand.

You can follow John Lewis on the following social media channels:


Siân Grieve
Senior Communications Manager, Corporate
Telephone: 020 7592 6887
Email: sian.grieve@johnlewis.co.uk

Source: John Lewis

LuLu Hypermarket awarded first position in the overall consumer satisfaction index conducted by the Department of Economic Development

Abu Dhabi, UAE, 2016-May-12 — /EPR Retail News/ — LuLu Hypermarket has been awarded by the Dubai Department of Economic Development as a result of the Consumer Friendliness Index exercise conducted earlier this year.

The awards ceremony for CFI in its 4th edition was organized by the Department of Economic Development in Dubai under the patronage and in the presence of HH Sheikh Mansour Bin Mohammad Bin Rashid Al Maktoum, Chairman, Dubai International Marine Club, to honor winning facilities in the seven categories monitored by the index.

The award was handed out by HH Sheikh Mansour Bin Mohammad Bin Rashid Al Maktoum and received by Mr. Salim M.A., Director of LuLu Group, at a ceremony held at Armani Hotel, Burj Khalifa, Dubai, on 11th May 2016.

LuLu Hypermarket was awarded for the first position in the overall consumer satisfaction index conducted by the Department of Economic Development, which monitors all retailers in the region for consumer satisfaction. Evaluation was based on six major criteria, namely: Product quality, product price, money value, after sales service quality, clarity of service and warranty policies, and overall customer satisfaction. LuLu Hypermarket was also conferred with the Award for the Best Consumer Friendly Retailer in the region by the Department of Economic Development in the same function.

The Consumer Friendliness Index had assessed companies across the United Arab Emirates to select the best consumer friendly retailer among them. The process included an online survey completed by residents of Dubai as well as an overall score given by the Department of Economic Development. This score was a combination of consumer rating of the retailer, customer complaints received about the retailer and the retailer’s fairness in pricing.

After receiving the award, Mr. Salim M.A. said “We are extremely delighted to be selected as the most consumer friendly Hypermarket in Dubai, as also to be the best overall performing retailer of Dubai. LuLu has always believed in keeping our customers as the core of our business. All our operational and marketing plans are based on the key factor of providing highest customer satisfaction in all spheres of our activities, right from the entrance gate to the checkout point. I would also take this opportunity to thank the DED and other government authorities of Dubai for setting excellent benchmarks in retailing sector, and we would always strive to excel in all our business endeavors.”

LuLu Group International Headquarters
P.O. Box : 4048
Abu Dhabi
+971 2 4182000
+971 2 6421716


LuLu Hypermarket awarded first position in the overall consumer satisfaction index conducted by the Department of Economic Development

LuLu Hypermarket awarded first position in the overall consumer satisfaction index conducted by the Department of Economic Development