Investing.com - Abercrombie & Fitch (NYSE:ANF) has appointed Scott D. Lipesky as senior vice president and chief financial officer, effective October 2, 2017. Lipesky brings more than 20 years' experience, including nine years with Abercrombie & Fitch Co., most recently as CFO of Hollister Co.
Abercrombie recently reported its second quarter results, and they easily topped expectations. This comes during a period where the retail sector has been facing challenges. There is optimism over the company’s current (third) quarter, as it will include the back to school shopping season. With Abercrombie a teen retailer, this is generally a big sales season for the company.
Abercrombie’s shares were recently up about 2.5%. Volumes were low, but there were lower trading volumes across the board on Wednesday.