Abercrombie & Fitch homeless rebranding: LA filmmaker Greg Karber is making sure all the people Abercrombie & Fitch doesn’t want wearing its clothes, are wearing them. In a video he posted on YouTube May 13, Karber ridicules the company’s CEO Mike Jeffries, who told Salon in 2006 “Candidly, we go after the cool kids. We go after the attractive all-American kid with a great attitude and a lot of friends. A lot of people don’t belong [in our clothes], and they can’t belong. “Are we exclusionary? Absolutely. Those companies that are in trouble are trying to target everybody: young, old, fat, skinny. But then you become totally vanilla. You don’t alienate anybody, but you don’t excite anybody, either.” Karber went to “Skid Row” in East Los Angeles and handed clothing out to homeless people. It was a backlash against what he sees as the company’s elitism. It was also a reaction to a 2010 interview published on many websites in which an anonymous Abercrombie manager is quoted as saying the company burns damaged goods instead of giving them to charity. “Abercrombie & Fitch doesn’t want to create the image that just anybody, poor people, can wear their clothing,” the manager allegedly said. “Only people of a certain stature are able to purchase and wear the company name.” The Epoch Times could not find the original publication of this interview, and the websites that republished it did not name the source. The Epoch Times is awaiting a response from Abercrombie to
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This morning, Abercrobmie & Fitch (ANF) declared its quarterly dividend of 20 cents per share, maintaining the amount paid to shareholders last quarter. Based on the current stock price, investors can expect a yield of about 1.6% going forward.