Abercrombie & Fitch Co. said Wednesday its second-quarter net income rose 64 percent, boosted by higher demand for its preppy fashions in the U.S. and Europe…But like all retailers, Abercrombie & Fitch Co. is facing higher prices of commodities such as cotton during the key back-to-school season. “Costing pressures will be greater in the second half of the year, and macroeconomic uncertainty has increased,” said CEO Mike Jeffries. The news comes a day after the New Albany, Ohio-based company issued a statement saying that it offered “substantial payment” to a Michael “The Situation” Sorrentino, a member of the cast of the MTV Reality Show “Jersey Shore,” to stop wearing its clothing, saying association with the cast member, known for boorish behavior, could cause “significant damage to our image.” Abercrombie said it had extended the offer to other cast members as well. “Management may be correct in asking (and offering to pay) the cast of `Jersey Shore’ to stop donning its logo-wear,” said Wall Street Strategies analyst Brian Sozzi. “It doesn’t need the infusion of MTV and side job dollars from the Jersey Shore crew, if the second quarter of 2011 was any indication.” [AP]
Retailer That Specializes In ‘Low Rent Preppy Chic’ Worried Jersey Shore Cast Member Might Negatively Impact Next Quarter Results, Brand
By Bess LevinComments (35)
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
every time i go past the store on 5th ave, it always smells like cheap cologne. even when youre in a cab
Sozzi went on to say Deena and Paulie's kiss was one-time in nature, and should not impact sales in FY2012
It's official… the situation is impacting wall street more than I am.
Bess… my last wish is to meet you in person. I'll be the one on the subway tracks. Find me.
What a fucking country. God Bless Assmerica!
Being so obnoxious that a publicly-traded company pays you to eff-off is without a doubt the NKI.
Hasn't the whole season already been filmed?
- Guy who thinks the Sitch' may be able to pull a fast one on A&F here….
Does this mean that A&F will close all stores in Jersey?
"Significant damage to our image." Yeah, a guy who likes to be shirtless wearing the clothing of a company that advertises using shirtless guys is going to damage their image. Break the mold and just say you don't want douches wearing you're gear.
- Guy who needs to do some crunches
Precedent for this deal stems from 1993's Zubaz v. Gasparino.
"Sitch" is def the NKI
That smell is of the shirtless boy whores who work there
A dick from Jersey didn't ruin their image; 1,000 dicks working at their over priced store did.
Just when you thought it was safe to go back in the water along comes another abuse.
- The Apostriphanator
I actually prefer Eddie Bauer anyway.
Lights off, Abercrombie tight polo wrapped around my balls, three 19 year old girls with fake tans in the back of a limo with appletinis, Molly spilling out of the intentional holed pockets, wake up somewhere in middle america.
And next season also?
Hence my name… "Maybe next season"
Clearly the "damage" will have already been done by then though?
I wear aeropostale only! Can't wait to start 4th grade!
the sitch, a complete moron, is a millionaire, and I live under my desk. Please kill me
Steeee-rike!
FTW
The news comes a day after the New Albany, Ohio-based company issued a statement saying that it offered “substantial payment” to a Michael “The Situation” Sorrentino, a member of the cast of the MTV Reality Show “Jersey Shore,” to stop wearing its clothing, saying association with the cast member, known for boorish behavior, could cause “significant damage to our image.”
Does this mean they're going to cut checks to all the South Bronx punks on the IRT wearing A & F gear, too??
Hey! That's Enrico Palazzo!
Brah,
I just picked up a freshy bottle of Woods so I smell crisp for the Alien Ant Farm concert this weekend at the Meadows.
- Late 90s brah
But in all seriousness, A&F is trash and has been since inception. If you wear A&F, chances are you wear H&M suits in the back office and think Kennith Cole is 'high class'. Kneel and kiss my Kiton coat tails, then shine my John Lobbs. Enjoy your worthlessness.
- Park Avenue brah
Kenny_lingus – You're -54 in the hole, brotha. Is there a limit on the negative rating before being banned from posting or some other punishment?
- Guy who's anxious to stuff Kenny_lingus with thumbs down on every comment to see if IntenseDebate does in fact have some merit to it.
As a spokesman for numerous…er…clothing lines, i will offer "substantial payment" to Bess to stop wearing our clothing, like, right now.
I'm your huckleberry.
-Guy who's willing to sacrifice his dignity in name of science
Stop wearing any clothing
Your mischaracterization of our wardrobe only speaks to your own ignorance on a great many issues. For the record we do not wear Kenneth Cole shoes (too expensive). Try Hush Puppies for all day comfort that screams mediocrity. H&M suits? Are you kidding? The last time I wore a suit was for a funeral and I don't think anyone was too impressed – at least they never told said anything. Next time I'll wear something less formal – maybe cargo pants and a graphic tee. So to sum up, unless you're in the trenches with us (filing papers, accomplishing nothing and in general being a nuisance to the front office who makes the money to pay us) keep your thoughts to yourself.
-Back Office Employees Representative
The IRT?? On which train, the 9? Are you 62 or is this 1975?
Anyone else notice how you can smell the store from several blocks away?
The 4, 5, and 6 ALL go north of the Harlem River, you douchenozzle
“low rent”
Give it a rest
Remember the bedbugs in the NYC store?
A&F in Manhattan is like Taco Bell in Greenwich Village