Abercrombie & Fitch has experienced its financial woes as of late, and CEO Michael S. Jeffries is confident that the company will return to prominence.
“While we continue to operate in a challenging environment, we are pleased that we were able to exceed both our earnings expectations coming into the quarter, and prior year’s earnings, as we continued to manage expenses tightly and exceeded expectations on our profit improvement initiative,” Jeffries said during an Aug. 28 conference call to discuss second-quarter....