NEW ALBANY, Ohio, Feb. 13 /PRNewswire-FirstCall/ -- Abercrombie & Fitch
Co. (NYSE: ANF) announced that its Board of Directors has elected Craig R.
Stapleton as a director. Mr. Stapleton served as United States ambassador to
the Czech Republic from 2001 until 2004 and as United States ambassador to
France from 2005 until his resignation upon the inauguration of President
Obama. Mr. Stapleton received his B.A. and M.B.A. from Harvard, and served as
President of Marsh and McLennan Real Estate Advisors of New York from 1982
until his first ambassadorial appointment. Mr. Stapleton was also co-owner of
the Texas Rangers baseball team from 1989 until 1998.
"Craig Stapleton brings a wonderful mixture of business experience and
international savvy that our Nominating and Board Governance Committee and our
Board found compelling, particularly as Abercrombie & Fitch continues its
international expansion efforts," said Mike Jeffries, chief executive officer
and chairman of the board of Abercrombie & Fitch. "We believe that A&F and its
stockholders will benefit greatly from his counsel."
About Abercrombie & Fitch
A&F operated 352 Abercrombie & Fitch stores, 210 abercrombie stores, 507
Hollister Co. stores, 28 RUEHL stores and 14 Gilly Hicks stores in the United
States at the end of fiscal January. A&F operates three Abercrombie & Fitch
stores, two abercrombie stores and five Hollister Co. stores in Canada, and
one Abercrombie & Fitch store and three Hollister Co. stores in the United
Kingdom. A&F operates e-commerce websites at http://www.abercrombie.com,
http://www.abercrombiekids.com, http://www.hollisterco.com,
http://www.RUEHL.com and www.gillyhicks.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995
A&F cautions that any forward-looking statements (as such term is defined
in the Private Securities Litigation Reform Act of 1995) contained in this
Press Release or made by management of A&F involve risks and uncertainties and
are subject to change based on various important factors, many of which may be
beyond the Company's control. Words such as "estimate," "project," "plan,"
"believe," "expect," "anticipate," "intend," and similar expressions may
identify forward-looking statements. The following factors, in addition to
those included in the disclosure under the heading "MANAGEMENT'S DISCUSSION
AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS" in "Item 2.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995" of A&F's Quarterly Report on Form 10-Q for the quarterly period ended
November 1, 2008, in some cases have affected and in the future could affect
the Company's financial performance and could cause actual results for the
2009 fiscal year and beyond to differ materially from those expressed or
implied in any of the forward-looking statements included in this Press
Release or otherwise made by management: changes in consumer spending patterns
and consumer preferences; the effects of political and economic events and
conditions domestically and in foreign jurisdictions in which the Company
operates, including, but not limited to, acts of terrorism or war; the impact
of competition and pricing; changes in weather patterns; postal rate increases
and changes; paper and printing costs; market price of key raw materials;
ability to source product from its global supplier base; political stability;
currency and exchange risks and changes in existing or potential duties,
tariffs or quotas; availability of suitable store locations at appropriate
terms; ability to develop new merchandise; ability to hire, train and retain
associates; and the outcome of pending litigation. Future economic and
industry trends that could potentially impact revenue and profitability are
difficult to predict. Therefore, there can be no assurance that the forward-
looking statements included in this Press Release will prove to be accurate.
In light of the significant uncertainties in the forward- looking statements
included herein, the inclusion of such information should not be regarded as a
representation by the Company, or any other person, that the objectives of the
Company will be achieved. The forward-looking statements herein are based on
information presently available to the management of the Company. Except as
may be required by applicable law, the Company assumes no obligation to
publicly update or revise its forward-looking statements even if experience or
future changes make it clear that any projected results expressed or implied
therein will not be realized.
SOURCE Abercrombie & Fitch Co.
CONTACT:
Eric Cerny,
Manager, Investor Relations,
Abercrombie & Fitch
Co.,
+1-614-283-6385
Web site: http://www.abercrombie.com
http://www.abercrombiekids.com
(ANF)