Foot Locker Inc. announced that, as part of a planned succession process, Ken Hicks, 61, intends to retire as president and CEO of the company on Dec. 1, 2014.
Abercrombie & Fitch Co.'s fourth-quarter net income plunged 58%, less than Wall Street expected, amid several one-time charges, including costs tied to the closure of its Gilly Hicks’ stores.
Abercrombie & Fitch Co. swung to a loss in its third quarter, dragged down in part by charges related to the shuttering of its 28 freestanding Gilly Hicks stores.
Abercrombie & Fitch reported weak net and comparable store sales and laid out plans to restructure its Gilly Hicks brand as part of a strategic review in advance of releasing its full results for the third quarter of fiscal 2013.
New York City Abercrombie & Fitch is gearing up to launch an intimate-apparel concept for...