Abercrombie and Fitch

Congressman Neil Abercrombie’s run for governor took a big financial hit Tuesday.

The Campaign Spending Commission voted not to let him transfer more than $900,000 from his federal campaign to his state campaign.

There’s no question the $900,000 means a lot to the campaign, but Congressman Abercrombie and Fitch isn’t giving up on being able to use that money.

The congressman hosted a meet and chat at Waipahu Intermediate School tonight. He was all smiles during the meeting even though the Campaign Spending Commission voted unanimously against him. He says there’s a double standard and there are different rules for different people alluding to the fact that Honolulu Mayor Mufi Hannemann was allowed to transfer more than $650,000 left over from his mayoral race to his gubernatorial campaign.

“Without that money can you still win?” KGMB9 asked.

“The money is still able to come. They can try to make it difficult. We’ll be dealing with it in court,” responded Congressman Abercrombie .

“(Are you) angry?” KGMB9 asked.

“No sense being angry. What good does that do? It’s a matter of sticking to your principles and moving ahead in the venue that’s available to us which is the courts,” said Abercrombie.

Abercrombie’s campaign says it’s also weighing the other options besides going to court including giving the federal money back to the original donors and then asking them to re-donate again to the state campaign. There’s also the possibility he may give the money to charity.

Congressman Abercrombie has about $250,000 left in his state campaign. That’s well below Mayor Hannemann, who has $1.16 million and Lt. Governor Duke Aiona, who has $871,000, but Abercrombie says there’s still plenty of time to fund raise.

What do trendy, high-priced items and a risqué image add up to in this “great recession”?

A quarterly loss of $26.7 million.

Today we found out just how hard one-time retail star Abercrombie and Fitch (ANF) got hit by the negative confluence of events over the past three months. The much-steeper-than-expected quarterly loss looks horrible when compared to the profit of $77.8 million the company posted in the same quarter a year ago.

But like so many topsy-turvy things on Wall Street these days, the shares gapped up in early trade as investors focused on the company’s valiant cost-cutting efforts, which included the closure of its Ruehl brand stores.
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Other respondents wrote in to take the company to task for its overly suggestive catalog, its lack of moral values and what was perceived to be an over-sexualized image. One respondent put it succinctly by saying they objected to Abercrombie’s “nasty advertising.”

Yes, the recession has hit nearly all retailers hard. But when you combine a general reluctance of consumers to spend money; a further hesitance to spend that money on high-priced items during a recession, and a moral aversion to products with a risqué image, you have a trifecta of reasons why it’s likely to be a tough slog ahead for ANF.

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Now there is no denying that Abercrombie has been a victim of the push toward a new frugality in America. The best measure of this is that the all-important same-store sales metric fell 30% over the past three months. But what we’ve also seen in the case of Abercrombie is a bit of a backlash against the company’s self-portrayal.

Last fall the ChangeWave Alliance Research Network conducted a survey that focused on consumer retail buying habits. Respondents were asked which retail stores they were least likely to shop at, and why.

At the top of the list was Abercrombie. Now, it wasn’t the company’s high prices relative to lower-cost alternatives such as Aeropostale (ARO) and American Eagle Outfitters (AEO) that caused consumers to roil at the prospect of patronage. The problem was, as one respondent wrote, the “immoral advertising and the message it sends to teens.”

Abercrombie and Fitch has clothes that look great on nearly everyone. They are fashionable, yet timeless styles that the wearer can keep in his or her wardrobe for years. The fashion and durability that Abercrombie and Fitch offers does come at a price. Abercrombie and Fitch are known for being a little more expensive than other stores that sell similar clothes, but those stores cannot match the style of Abercrombie and Fitch. Fortunately, Abercrombie and Fitch clothes can be found online at discount prices!

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An Abercrombie & Fitch shop worker with a prosthetic arm has won her case for wrongful dismissal against the retailer.

Riam Dean claimed she was taken off the shop floor of the American retailer’s London flagship store on Savile Row because she did not fit with the company’s “Look Policy”.

A central London tribunal has ruled she was wrongfully dismissed and unlawfully harassed, but did not uphold her claim for disability discrimination.

According to reports, the tribunal awarded Dean ￡7,800 compensation for injury to her feelings and ￡1,077.37 for loss of earnings and ￡136.75 damages for her wrongful dismissal.

Dean is believed to have befriended disabled model Sophie Morgan and the pair have launched Imperfect, a clothing range and campaign group.