real-time news and commentary for investors
Wednesday, Sep 11
Abercrombie & Fitch gets roughed up in court
- A federal judge rules Abercrombie & Fitch (ANF) acted with "malice and reckless indifference" by asking a store employee to dress against her religious beliefs.
- The retailer decided to take the case to court instead of refining its "Look Policy" as the EEOC suggested.
- What to watch: Abercrombie & Fitch appears to be losing the battle on several fronts over maintaining that its employees are living advertisement for the lifestyle look it's selling. Analysts think a more subtle approach may be warranted.