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At Abercrombie & Fitch, Kristin Scott has 39 colleagues including Fran Horowitz-Bonadies (CEO), Terry Burman (Chairman of the Board) Homonyms. Kristin Scott 's colleagues are Lauren Morr, Bruce Conner, John Laughlin, Janine Clark, Jim Parlette . If youre thinking, Abercrombie and dresses? youre not alone. The Company operates over 850 stores under these brands across North America, Europe, Asia and the Middle East, as well as the e-commerce sites www.abercrombie.com and www.hollisterco.com. Yes, Abercrombie is back and its new look involves a lot Kristin Scott owns about 101,248 units of Abercrombie & Fitch Co common stock. Kristin Scott Net Worth (2023) | wallmine The company is so confident of its growth its forecasting $5 billion in annual revenue by 2025, up from $3.71 billion last year. NEW ALBANY, Ohio, Nov. 29, 2018 -- Abercrombie & Fitch Co. today announced that Kristin Scott, currently Brand President of Hollister Co., has been appointed . Kristin Scott's largest sale order was 152,509 units , worth over Chart Data in Insider Trading History Table. With the aim of driving greater agility, consistency and efficiency across the global business, this change follows a streamlining of its stores management and operations organization, and several senior appointments in merchandising, marketing and design, made earlier in the year. NEW ALBANY, Ohio, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) today announced that Kristin Scott, currently Brand President of Hollister Co., has been appointed President, Global Brands, effective immediately. As of February 2020, the company operated 854 stores across all brands. Meanwhile, in contrast to their former ersatz beach shack look, Hollister stores today have no props and instead showcase clothing neatly stacked and organized in a way to make shopping easier; there are no palm trees in sight or surf music to be heard. Small A.I. Jonathan Deans & Taylor Williams, Ain't No Mo'. NEW ALBANY, Ohio, Nov. 29, 2018(GLOBE NEWSWIRE) -- Abercrombie & Fitch Co.(NYSE: ANF) today announced that Kristin Scott, currently Brand Presidentof Hollister Co., has been appointed President, Global Brands, effective immediately. Kristin Scott is the President, Global Brands at Abercrombie & Fitch based in New Albany, Ohio. They were used to somebody coming in and it being about an audit, says Scott, who is now president of global brands for A&F as a whole. FORTUNE may receive compensation for some links to products and services on this website. In a recent article for Reuters, Melissa Fares and Uday Sampath Kumar reported on some good financial news for teen apparel retailer Abercrombie & Fitch. Core customer-facing functions, including marketing and product development, remain in branded structures to ensure continuing closeness to each brands customers, and will report to Ms. Scott. Abercrombie & Fitch Co. Names Kristin Scott President, Global Brands It also helps that millennials, Abercrombies former customer base, are now 26 to 41 years old. That combination of new ideas leaves Horowitz in an enviable position at her five-year mark facing new challenges, but able to look back and call the rehabilitation of Abercrombie the greatest success in her career so far. She now tries to meet as many people as possible via Zoom. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. On a more fundamental level, Horowitz started to put distance between Hollister and Abercrombie & Fitch so they werent interchangeable and didnt risk being seen by shoppers as commodities,something that was draining their pricing power. A&F is largely out of failing malls in the U.S.; in other cities, including London, it has closed large Abercrombie flagship stores and replaced them with multiple smaller ones. The quality was just heartbreaking. It was Abercrombie saying, This is the way you should look, and this is what you should buy, says Carey Krug, the current head of marketingof the Abercrombie brand. While Hollister teen customers might focus a bit more on cut and style and rise, says Kristin Scott, Abercrombies 20-something-and-up clientele put more emphasis on things like wash and fabricso each brands offerings cater to those sensibilities. This chart shows Kristin A Scott's buying and selling at Abercrombie & Fitch by year and by quarter. abercrombie kids creates smart, playful apparel for children ages 5-14, celebrating the wide-eyed wonder of childhood. Kristin Scott is the Pres of Global Brands at Abercrombie & Fitch Co. As the Pres of Global Brands of Abercrombie & Fitch Co, the total compensation of Ms Scott at Abercrombie & Fitch Co is $3,004,674. It was essentially the same product with just a different logo across the chest, at a different price. That sameness, she suspected, was a recipe for disaster, and the company had some serious soul-searching to do. Abercrombie & Fitch Co. Names Kristin Scott President Since 2017 Abercrombie has been under a new female CEO, Fran Horowitz, and working to completely transform the label along with the companys other brands like Hollister & Co, Gilly Hicks, and Social Tourist to fit a more inclusive and modern identity. Last year, it added a more occasions-focused line called the best dressed guest collection, just in time to capitalize on all the weddings happening in 2022, now at a four-decade peak. Thats a distinct contrast with her predecessor, under whose leadership the companys management had made headlines for all the wrong reasons. other earnings, plans or compensations of $2,127,500 , Redirecting you to the search page. He also launched the Hollister brand in 2000in Ohio, very far from the Pacific Ocean, to harness the surfer-casual market; it overtook Abercrombie in sales in2011. But it owes its modern identity primarily to Mike Jeffries, who took the helm in the early 1990s and reigned atop the company for 22 years. Before Victorias Secret, Ms. Scott was Vice President, General Merchandise Manager for Gap Outlet, where she transformed the operation from a remake and transfer business into a product development model. We are grateful to Stacia for the many contributions she has made to the Company, and the Abercrombie brands stabilization, and we wish her well for the future.. November 29, 2018 07:31 ET Joshua D. Reid, A Christmas Carol. Industry Clothing Retail. Its usually a long way from the beach to the club. Kristin Scott has been President, Global Brands, since November 2018. Ms. Scott started her career at Target Corporation, where, over her 16 years with the company, she held senior leadership positions across Planning & Merchandising at both Target and Marshall Fields. Unsurprisingly for a financial outlet like Reuters, the strong stock performance took the . (But 25 is an average: A&F does carry items aimed at an older shopper, including $40 Def Leppard mens t-shirts.). Kristin Scott - Abercrombie - Social Tourist It had just really, really gone downhill.. The most recent stock trade was executed by Michael E Greenlees on 8 June 2023, trading 7,565 units of ANF stock currently worth $260,160. Previously, Kristin was the Executive VP, Merchand ising Gmm at Victoria's Secret. Kristin Scott-President, Global Brands-Abercrombie & Fitch Still, the company is by no means done with physical retail, its just adapting it to new realities. Scott Lipesky. New Albany, Ohio 43054-9269. Kristin Scott President of Hollister Brand - Comparably $3.81M on January 27, 2021. Abercrombie & Fitch Company. Current positions of Kristin Scott Holdings of Kristin Scott More worrisome still, Horowitz was shocked by the products at both chains. The estimated net worth of Kristin A. Scott is at least $3.48 million as of January 26th, 2023. In 2016, Abercrombie & Fitch was the most-hated retailer in the US. Ben . For Hollister, based on data drawn from tons of in-person consultations with shoppers, the company determined that the target customer would remain a 17-year-old looking for clothes that invoke the feeling of a carefree, endless summer. Ms. Scott, 51, joined Abercrombie & Fitch Co. in 2016 as Brand President of Hollister. It was late 2014, and Horowitz had just come off a stint as brand president at Ann Taylor Loft after gigs as a top merchant at retailers like Express and Bloomingdales. 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One common thread unites Abercrombie and Hollister, during and after the Jeffries era: They haveprotected their pricing power betterthan their direct rivals. About Abercrombie & Fitch Co.Abercrombie & Fitch Co. (NYSE: ANF) is a leading, global specialty retailer of apparel and accessories for Men, Women and Kids through three renowned brands. Learn More about Kristin A. Scott's net worth. 1 Want to view more results? We are grateful to Stacia for the many contributions she has made to the Company, and the Abercrombie brands stabilization, and we wish her well for the future.. As Horowitz notes, A&F makes thousands of different items: Youve got to pick your spots, so you pick the top couple of categories and then you start to see the momentum, she says. Abercrombie & Fitch is an American lifestyle retailer that focuses on casual wear. Kristin A. Scott has not been actively trading shares of Abercrombie & Fitch during the past quarter. Kristin Scott Net Worth, Biography, and Insider Trading SVP, General Counsel & Corporate Secretary. And that has not ended, she says. The most recent transaction was a sale order of 52,431 units , worth Kristin Scott received compensation valued at about $8,286,663 in 2020 after becoming President-Global Brands. Following the completion of the sale, the insider now directly owns 101,248 shares of the company's stock, valued at $2,821,781.76. While its reputation may not be fully rehabilitated, Horowitz said that the company fully owns its past and that we are fundamentally different company today, she said. In the last 7 years at Abercrombie & Fitch Co, Kristin Scott has sold an estimated value of $14.66M worth. Michael Jeffries, CEO, Her obsessive focus on the customer has been a critical factor in Hollisters growing success. The last major prong in Horowitzs turnaround has been to rethink store strategy. President, Global Brands at Abercrombie & Fitch . Suddenly, there was a marked improvement, Saunders says. In this newly established role, Ms. Scottwill be responsible for driving the growth of all Abercrombie & Fitch Co.s brands globally, reporting to Fran Horowitz, Abercrombie & Fitch Co.'s Chief Executive Officer. Kristin is currently based in New Albany, United States . As it scrambled to reorganize itself, the company was run for more than two years by an Office of the Chairman, consisting of top executives, including Horowitz, and the chairmanHorowitz quickly found herself facing the task of reassuring a shellshocked and demoralized staff. Learn More on Abercrombie & Fitch's active insiders. Between them, the chains, once beloved fixtures for American mall rats,were in the process of closingdozens of stores. It takes less than ten minutes to set up your company page. Insiders at Abercrombie & Fitch own 3.8% of the company. Abercrombiesnamesake brand history dates to 1892, when it specialized in clothing and bags for travelers and outdoors enthusiasts. Fran Horowitz said: With strong foundations in place across brands, our playbooks working, and a solid start to the holiday season, these organizational changes are part of the continuing transformation of our business to support our longer-term global growth ambitions., We look forward to Kristin taking on this important new role. A case in point: how the two brands tackle denim. There are 3 executives at Abercrombie & Fitch Co getting paid more, with FranHorowitz having the highest compensation of $8,389,030. . When Fran Horowitz was considering a job offer to run the struggling, billion-dollar-plus Hollister clothing brand, she did the due diligence that any prospective C-suite executive would undertakewhich, in her case, included a trip to the mall. Abercrombie & Fitch Co. Names Kristin Scott President The simple conclusion I came to was that the brands had really become melded into one, Horowitz tellsFortune. In the last 20 years, insiders at Abercrombie & Fitch Co have sold an estimated value of $649.45M Weve evolved the purpose and positioning at each of our brands, executing a turnaround at Abercrombie adults that many, many thought was impossible, Horowitz said at the companys most recent investor day in June. We learned that [the customer] wanted affordable, quality, stylish stresses for all of the celebrations that she was going to, said Kristin Scott, Abercrombies president of global brands. The most recent transaction was a sale order of, As President-Global Brands of Abercrombie & Fitch Co, Kristin Scott has a total base salary of, Kristin Scott received compensation valued at about, The vast majority of their compensation came in the form of, other earnings, plans or compensations of, Abercrombie & Fitch Co's most recent insider trade came on March 7, 2023 by Additionally, the Company has announced it has eliminated the individual brand president positions and thatStacia Andersen, Brand President of Abercrombie & Fitch and abercrombie kids, will be leaving the Company. Abercrombie & Fitch Co., +4 more Indiana University Bloomington In addition, she makes $4,723,460 as President - Global Brands at Abercrombie & Fitch Co. A case in point was the marketing campaign in 2021 for Abercrombies Denim Your Way. Krug, the brand marketing head whom Horowitz poached from jeweler David Yurman in 2018, points out that customers themselves, including a number of plus-size shoppers and a man in a wheelchair, were the models for that campaign and there was lots of engagement on TikTok and Instagram. Learn More about Kristin A. Scott's net worth. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Abercrombie in particular was on its way from cultural touchstone to also-ran. Kristin Scott has been President, Global Brands, since November 2018 and added responsibility as the company's Managing Director for North America in May 2023. We had an opportunity to separate the brands and get them each on their own path, she says. Dresses in particular are fast-growing with brand sales in the category globally rising almost 80% since 2017. Copyright 2023 Surperformance. Fran Horowitz said: With strong foundations in place across brands, our playbooks working, and a solid start to the holiday season, these organizational changes are part of the continuing transformation of our business to support our longer-term global growth ambitions., We look forward to Kristin taking on this important new role. All rights reserved. Abercrombie & Fitch's insider roster includes Kerrii Anderson (Director), Suzanne Coulter (Director), Sarah Gallagher (Director), and Kristin Scott (Insider). The $70 to $120 price tag for most of the dress collection is highly palatable for consumers who are also growing price-sensitive due to inflation. President, Global Brands Kristin Scott salary at Economics 1985 - 1989 Indiana University Bloomington Bachelor of Arts (B.A.) The portfolio became much more clear.. Abercrombie & Fitch Co. engages in the retail of apparel, personal care products, and accessories. With her customer-centric approach and strategic vision, she has refined and driven consistent execution of Hollisters ambitious business objectives, resulting in eight consecutive quarters of positive comparable sales for the brand. Get the name of the stock here >>>. Another area for potential major growth? Executive Leadership - Social Tourist Overall, according to Euromonitor International, A&F has only about 1% of the U.S. apparel market, and that market has shrunk 17% since 2015. Horowitz, she recalls, was the one who was literally responsible for flicking [on] the light switch, and removing the palm trees that were hitting you in the face, and taking away the darkness and the overwhelming smells. Indeed, Horowitz also ditched many of the very things that had made Abercrombie a headline-magnetthe sexy photos by Bruce Weber, the prominent logos, and above all, the six-pack-sporting male models. Kristin Scott Net Worth (2023) Abercrombie & Fitch Co On average, Abercrombie & Fitch Co executives and independent directors trade stock every 23 days with the average trade being worth of $796,369. The most active insiders traders include Nigel Travis, Michael S Jeffries, and Fran Horowitz. Learn More about insider trades at Abercrombie & Fitch. Ms. Kristin Scott has been President of Hollister Brand at Abercrombie & Fitch Co. since August 30, 2016. Kristin A. Scott is President - Global Brands of the company. Enter your email address below to get our daily insider buying and selling report. kristin scott news and archive - fashionunited.com The largest trade she's ever made was selling 152,509 units of Abercrombie & Fitch Co stock on 25 January 2021 worth over $3,812,725. Today, the brand reflects the updated attitude of the 21 to 24-year old customer, while remaining true to its heritage of creating expertly crafted products with an effortless, American style. In this newly established role, Ms. Scott will be responsible for driving the growth of all Abercrombie & Fitch Co.s brands globally, reporting to Fran Horowitz, Abercrombie & Fitch Co.s Chief Executive Officer. Kristin Scott email address & phone number | Abercrombie & Fitch Co Expert Wendy Kirkland explains how in her latest free guide. Hollister, for example, sells well-made basics that are clearly targeted at teen boys and girls, but are pricier than fare at fast-fashion retailers like H&M or the Gap orForever 21. Ben Stanton, A Christmas Carol. Prior to joining Hollister, Ms. Scott held senior positions at Victorias Secret, including, most recently serving as Executive Vice President, General Merchandise Manager. Both will report to Chief . Kristin Scott is President-Global Brands at Abercrombie & Fitch Co. Learn More on Kristin A. Scott's trading history. Abercrombie & Fitch Names Kristin Scott President of Global Brands Ms. Scott owns 101,248 shares of Abercrombie & Fitch stock worth more than $3,481,919 as of June 12th. Kristin Scott is 52, she's been the President - Global Brands of Abercrombie & Fitch Co since 2018. Core customer-facing functions, including marketing and product development, remain in branded structures to ensure continuing closeness to each brands customers, and will report to Ms. Scott. While the brand has partnered with mental health and LGBTQ+ non-profits like The Trevor Project and The Steve Fund, the collaborations came off as wokewashing that didnt convince skeptical customers. There are 19 older and 2 younger executives at Abercrombie & Fitch Co. Lee Terry Burman who sold, In the last 20 years, insiders at Abercrombie & Fitch Co have sold an estimated value of, https://www.sec.gov/Archives/edgar/data/1018840/000119312521131507/d174719ddef14a.htm, Mailing address is 6301 Fitch Path New Albany OH 43054 OH. Counsel. The oldest executive at Abercrombie & Fitch Co. is David S. Cupps, 84, who is the Sr. VP and Sr. Kristin Scott commented, I look forward to working with both brands to ensure we anticipate and meet the evolving needs of our customers, while continuing to transform the business. Contact. Some people still think of the chiseled torso of the past, but anytime they experience our brand now, they immediately realize this is a different, different place, Krug says. The company says its target shopper is 25 years old and Gen Z shoppers are too young to have been impacted by the companys former misdoings and are more willing overall to accept its new look. Kristin Scott - Presi.. - Abercrombie & Fitch *Verified* | ZoomInfo Prior thereto, she had served as Brand President of Hollister since August 2016. Source: https://www.sec.gov/Archives/edgar/data/1018840/000119312521131507/d174719ddef14a.htm. On average, Abercrombie & Fitch Co executives and independent directors trade stock every 23 days with the average trade being worth of $804,948. On Horowitzs watch, the company has staged a remarkable comeback, full of lessons for other apparel companieslessons in simpler and smarter marketing, differentiating your brands, and zeroing in on meeting the needs of your customers. And the CEO eventually became notorious for his imperious management style. . Powered and implemented by Interactive Data Managed Solutions. The company now gets almost half of its sales online, and Abercrombie & Fitch and Hollister have each closed dozens of stores in the five years since she took the reins. Night number. The company remains smaller than it was a decade agobut it is on a far more solid foundation. change in pension value of $11,828 , and The previous regimes top-down approach to employees was echoed in its approach to customers, essentially telling them what they should wear to fit in. Abercrombie plans to close 30 stores this year but open 50 new ones; those will tend to be smaller, and many will be off-mall. Victorias Secrets years-long implosion, analysts say, has created an opening for Gilly Hicks. 500+ "Kristin Scott" profiles | LinkedIn Theres no way to predict Wall Streets future, but by using options trading, you have the opportunity to take advantage of any trend. The company continues to gingerly test the waters of newer product categories, including clothing for events like bachelorette parties or even weddingssuch as the dresses and blazers sold under the rubric Best Dressed Guest, an idea launched in 2020. A&F saw its shares grow by 24 percent in . Horowitz has taken an entirely different tack. Horowitz still sounds amazed years later when describing a dinner at the end of a store visit trip in Los Angeles in early 2015, just after she joined Hollister. One of the things theyve done right is inject just enough fashion for it to be interesting without going so far that it becomes very exclusionary, Saunders says. Jeffries top-down management approach worked welluntil it didnt. Kristin Scott works as a President, Global Brands at Abercrombie & Fitch, which is an Apparel & Accessories Retail company with an estimated 20.6 K employees; and founded in 1892.

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