Abercrombie & Fitch Co is saying goodbye to the shirtless beefcake models who greeted customers at its doors.
The New Albany, Ohio-based company, which operates stores under its namesake brand and Hollister, announced on Friday that store associates will not be hired “based on body type or physical attractiveness” and it will no longer call them “models,” but “brand representatives.”
It said that its employees can be more individualistic when they dress, ditching its “look policy,” which banned eyeliner and certain hair styles among other things.
It is also bidding adieu to “sexualized” photographs in marketing materials in its stores and on its gift cards and shopping bags, starting in late July.
The moves are part of a new set of changes the retailer announced on Friday as it distances itself from the controversial sexualized image established by former chief executive Mike Jeffries, who abruptly resigned in December last year amid sluggish sales. Jeffries was at the helm more than two decades.
However, analysts wonder: If Abercrombie ditches the “sexy,” what new marketing gimmick will the retailer embrace to get shoppers back in its stores?
“Abercrombie & Fitch has to find its niche. I don’t know what that’s going to be. Edgy was it,” said Ken Perkins, president of Retail Metrics LLC, a retail research firm. “You are not going to see totally wholesome, but I think the era has passed it by. They need to do something different.”
Jeffries had reinvented the chain from an ailing retailer of hunting apparel to a seller of teen clothing that became a must-have brand for young consumers fueled by racy ads and catalogs and eye candy associates that helped keep sales sizzling. A big tradition: using shirtless models for store openings and events.
However, since the Great Recession, the brand has stumbled on hard times. Young shoppers are reprioritizing and spending more money on gadgets like iPhones than clothes. And when they do buy clothes, they do so differently than past generations who found comfort in dressing like their peers.
Today’s teens shun the idea of wearing the same outfit as the girl or guy sitting next to them in chemistry class. And many are opting for inexpensive fashions at H&M and other “fast fashion” chains.
The company has posted 12 straight quarters of declines in revenue at stores open at least a year. The company’s total sales and net income have also been on a downward trend over the past two years.
In the release issued on Friday, Abercrombie & Fitch said that it will continue to focus on its commitment to diversity among its sales staff. It said that more than 50 percent of its store associates are non-white.
It also said it will focus on improving customer service.
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because
SEASONAL WEAKNESS: The combined revenue of the top 10 foundries fell 5.4%, but rush orders and China’s subsidies partially offset slowing demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) further solidified its dominance in the global wafer foundry business in the first quarter of this year, remaining far ahead of its closest rival, Samsung Electronics Co, TrendForce Corp (集邦科技) said yesterday. TSMC posted US$25.52 billion in sales in the January-to-March period, down 5 percent from the previous quarter, but its market share rose from 67.1 percent the previous quarter to 67.6 percent, TrendForce said in a report. While smartphone-related wafer shipments declined in the first quarter due to seasonal factors, solid demand for artificial intelligence (AI) and high-performance computing (HPC) devices and urgent TV-related orders
MINERAL DIPLOMACY: The Chinese commerce ministry said it approved applications for the export of rare earths in a move that could help ease US-China trade tensions Chinese Vice Premier He Lifeng (何立峰) is today to meet a US delegation for talks in the UK, Beijing announced on Saturday amid a fragile truce in the trade dispute between the two powers. He is to visit the UK from yesterday to Friday at the invitation of the British government, the Chinese Ministry of Foreign Affairs said in a statement. He and US representatives are to cochair the first meeting of the US-China economic and trade consultation mechanism, it said. US President Donald Trump on Friday announced that a new round of trade talks with China would start in London beginning today,