Engaged Capital is still on Abercrombie & Fitch's back

|About: Abercrombie & Fitch (ANF)|By:, SA News Editor

Engaged Capital calls the move by Abercrombie & Fitch (ANF +5.7%) to split the role of CEO and Chairman a good first step, but doesn't look it will go completely quiet on the retailer's turnaround.

"These reactive changes alone will not be sufficient to put the co back on a course towards creating shareholder value," warns the hedge fund.