Abercrombie rejects shareholder call; extends CEO contract
Publishing timestamp: 2013-12-09 19:10:22
Summary
Abercrombie & Fitch extends CEO's contract despite shareholder pressure, shares fall. Company struggling with declining sales and competition from fast fashion chains. CEO's new contract has more performance-based compensation structure. Executive vice president to retire.
Sentiment: NEGATIVE
Keywords: american eagle outfitters inc, abercrombie & fitch co, business news, apparel retail, aeropostale inc, retail industry,
Source: https://www.cnbc.com/2013/12/09/abercrombie-rejects-shareholder-call-extends-ceo-contract.html