The following year,after initial success in turning Hollister around, she was put in charge of fixing the Abercrombie brand too,becoming president and chief merchant for the whole company,and in 2017 she rose to CEO of the parent company, also called Abercrombie & Fitch (hereafter A&F). For more information, please contact: MEDIA: Dan Hare 312-549-5355 [emailprotected], INVESTORS: Brian Kearney 312-549-5002 [emailprotected], Cision Distribution 888-776-0942 "We are pleased to welcome Fran to the Conagra Brands board," saidRichard H. Lenny, chairman, Conagra Brands. Previously, she was the f Read More Fran Horowitz's Phone Number and Email Last Update 12/1/2022 7:33 AM Email f***@abercrombie.com Engage via Email Contact Number (614) ***-**** There are now a total 729 stores worldwide, compared to 868 five years ago, leading to a reduction in square footage of 23%, with the closures most pronounced at Abercrombie in the U.S. Frances Degen was born on May 5, 1932, in the Bronx to Isaac and Elaine (Moinester) Degen. This page was last edited on 19 February 2023, at 13:35. For most of her time as CEO, Horowitz has kept a low profile, giving fewpressinterviews and preferring to be nose down while fostering a collaborative approach. FORTUNE may receive compensation for some links to products and services on this website. The source of innovation comes from our global customers. (Hollisters namesake town in California is about 30 miles from the ocean, but that never deterred its board-shorts-loving clientele.) She earned a bachelors degree in philosophy from Antioch College in Ohio and a masters in elementary education from Goucher College in Baltimore in 1954 before being hired to teach in the public schools in Iowa City. The Abercrombie & Fitch division, with 330 stores globally, has started to shed its problem-child status incurred after years of featuring dimly lit stores with half-naked models standing out front. While Friends two daughters havent been lured back into Abercrombie yet, he thinks the chains focus on quality will pay off over time. [2], Horowitz began her career in buying positions at Bergdorf Goodman, Bonwit Teller, and Saks Fifth Avenue. As of February 2020, the company operated 854 stores across all brands. And that has not ended, she says. And. The longtime retail analyst rates Abercrombie & Fitch shares at underweight the equivalent of a sell with a $19 price target. Horowitz also had to reposition Abercrombie so it didnt overlap with and cannibalize Hollister. 48 Hours. WWD and Women's Wear Daily are part of Penske Media Corporation. Ms. Horowitz is also a member of the Columbus Partnership, a non-profit organization of chief executive officers from leading businesses and institutions in Columbus, Ohio, with the goal of improving economic development in the city that is home to the Company. Still, the company is by no means done with physical retail, its just adapting it to new realities. Gabe too became a friend, and before I knew him, I had acquired one of his paintings at a gallery without putting together the connection. The company also listened more closely to what customers had to say, convening focus groups, and building an in-house sounding board of employees who match its shoppers ages. She found store workers initially hesitant to share candid feedback, so accustomed were they to obeying diktats that came down from up on high. In addition, We developed new policies, revised our stores experience to be more welcoming, updated the fit of our garments, the size range and the styling of all our products, she said. The teams werent listening and werent adapting to the change in consumer behavior.For the last four years, teams have strengthened the brands to become completely customer-obsessed. Jul 26, 2021, 07:30 ET. A&F is largely out of failing malls in the U.S.; in other cities, including London, it has closed large Abercrombie flagship stores and replaced them with multiple smaller ones. At an April investor day this year, Abercrombie & Fitch guided to 2020 targets of low single-digit percentage sales growth and a doubling of EBIT (earnings before interest and taxes) margins. . Ms. Horowitz ANF stock SEC Form 4 insiders trading. There are indeed few other examples. Jeffries approach, as Horowitz learned, had led to turf wars and big silos within the company. So in less than six months, a mobile app solution, Share2Pay, was developed in house, through which the teens share their online Hollister shopping bag with their parents, aunt or uncle or whoever would like to pay for the purchase. The company continues to gingerly test the waters of newer product categories, including clothing for events like bachelorette parties or even weddingssuch as the dresses and blazers sold under the rubric Best Dressed Guest, an idea launched in 2020. Fran Horowitz-Bonadies is an American businesswoman. There are 13 older and 8 younger executives at Abercrombie & Fitch Co. Kristin Scott, whom Horowitz hired away from Victorias Secret in 2016 to oversee Hollister as brand president, recalls a bus trip on which A&F executives visited stores in Cincinnati. One of the things theyve done right is inject just enough fashion for it to be interesting without going so far that it becomes very exclusionary, Saunders says. Dborah Franois. The main sources of her income are her amazing career as a CEO and also different other works she has been doing. Referring to Lanny's life insurance policy . The oldest executive at Abercrombie & Fitch Co. is David S. Cupps, 84, who is the Sr. VP and Sr. Back in 2014, both Hollister and Abercrombie had fallen out of touch with customers. "Conagra and our shareholders will benefit from Fran's deep experience building consumer brands and her proven track record as an executive leader. And through the data and analytics gathered, and the customer obsession, We are doubling down on rich insights to make quick yet thoughtful decisions to enhance our customer experience, Horowitz said. It would also help bring the company closer to hitting some ambitious 2020 financial goals. His age was 86. Her father was a blouse manufacturer, her mother a homemaker. They married in 1953 and had two sons together. Abercrombiesnamesake brand history dates to 1892, when it specialized in clothing and bags for travelers and outdoors enthusiasts. The most recent stock trade was executed by Kristin A. Scott on 26 January 2023, trading 52,431 units of ANF stock currently worth $1,461,252. Abercrombie CEO Fran Horowitz explains the company is thrilled with the company's Q2 results and has seen a nice start to the 2021 back-to-school season. She is the CEO of Abercrombie & Fitch Co., a position she has held since her appointment in February 2017 following the ouster of Mike Jeffries. A Division of NBCUniversal. My genuine answer is I like to be myself as a ceo, and not really base that on my gender. University of Maryland College Park, +1 more. Jeffries remade Abercrombie as the coolest teen retailer of the 1990s and early aughts, rebranding it with logo-bedecked clothing and a hyper-sexed preppy ethos, exemplified by catalogsthat were accused by some of verging on soft porn. Offers may be subject to change without notice. Anyone can read what you share. Horowitz is looking to rebuild the small Gilly Hicks lingerie and underwear brand, which launched as part of Hollister in 2008 but had been largely neglected until it was relaunched in earnest last year. Food has always been a go-to for people in mourning. Frances Degen Horowitz in 2000, when she was president of the Graduate Center. Earlier this year, the company launched a low-rise denim line just to its TikTok audience, via a secret link by way of the social platform. Fran has made over 33 trades of the Abercrombie & Fitch Co stock since 2011, according to the Form 4 filled with the SEC. Its among the top three best-performing specialty apparel stocks this year, up about 16%. Abercrombie CEO Fran Horowitz explains the company is thrilled with the company's Q2 results and has seen a nice start to the 2021 back-to-school season. CHICAGO, July 26, 2021 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced the appointment of Fran Horowitz to its board of directors, effective Aug. 2, 2021 . [20], Last edited on 19 February 2023, at 13:35, the Graduate Center, City University of New York, Center for Advanced Study in the Behavioral Sciences, Graduate Center of the City University of New York, Society for Research in Child Development, American Association for Advancement of Science, "University community remembers contributions of Floyd Horowitz", "In Memoriam: Frances Degen Horowitz, President of The Graduate Center from 1991 to 2005", "Frances D. Horowitz, 88, Dies; Transformed CUNY Graduate Center", "Frances Degen Horowitz | Center for Advanced Study in the Behavioral Sciences", "Press Release: Frances Degen Horowitz Elected to American Academy of Arts and Sciences", "A Yellow Springs Blog: Antioch College Trustees name new chairperson", "Society of Psychologists in Leadership Awards", "2005 Alumni Fellows | College of Liberal Arts and Sciences | The University of Iowa", Towards 2044: Horowitz Early Career Scholar Program, https://en.wikipedia.org/w/index.php?title=Frances_Degen_Horowitz&oldid=1140307005. At the time, Hollister was seeking to evoke the atmosphere of a beach house in its stores, with props like potted palm trees and surfboards leaning against the wall. Ms. Horowitz owns over 25,048 units of Abercrombie & Fitch Co stock worth over $19,798,116 and over the last 13 years she sold ANF stock worth over $12,440,940. But a successful holiday season for Abercrombie & Fitch a distinct possibility given a solid U.S. economy and momentum at both brands could go a long way to squashing Wall Street haters. Horowitzs knack for fixing things has paid off for investors. Shares were trading at around $20 midday Tuesday. Information and advice to help you cope with the death of someone important to you. The company was strategically cautious on these redesign fronts, aiming to prove to Wall Street that increasing quality was financially sound. Jeffries was finally pushed into retirement in December 2014. Kathryn OslerThe Denver Post via Getty Images, Photograph by Maddie McGarvey for Fortune, Brooks CanadayMediaNews Group/Boston Herald via Getty Images). Ms. Horowitz has served as the Chief Executive Officer of the Company since February 2017. Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you. As it scrambled to reorganize itself, the company was run for more than two years by an Office of the Chairman, consisting of top executives, including Horowitz, and the chairmanHorowitz quickly found herself facing the task of reassuring a shellshocked and demoralized staff. The largest trade she's ever made was selling 243,000 units of Abercrombie & Fitch Co stock on 29 April 2021 worth over $9,192,690. But it owes its modern identity primarily to Mike Jeffries, who took the helm in the early 1990s and reigned atop the company for 22 years. She was vice chancellor for research, graduate studies and public service for the university from 1978 to 1991, when she returned to New York to take over the Graduate Center. In February, Horowitz passed her 5-year anniversary as CEO:Abercrombie sales for 2021 came within striking distance of where they were when Horowitz took over that brand in 2015 at $1.56 billion, while Hollister has rebounded nicely from COVID, with 2021 sales of $2.15 billion. Were on to whats next, which is seeking innovation. It was late 2014, and Horowitz had just come off a stint as brand president at Ann Taylor Loft after gigs as a top merchant at retailers like Express and Bloomingdales. [4] She was promoted to president and Chief Merchandising Officer of Abercrombie & Fitch Co., a new corporate role, in December 2015. Abercrombie & Fitch Co executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Conagra's iconic brands, such as Birds Eye, Marie Callender's, Banquet, Healthy Choice, Slim Jim, Reddi-wip, and Vlasic, as well as emerging brands, including Angie's BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, and Frontera, offer choices for every occasion. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CONAGRA BRANDS ANNOUNCES DETAILS OF FISCAL 2023 THIRD QUARTER EARNINGS RELEASE, WEBCAST AND CONFERENCE CALL, CONAGRA BRANDS ANNOUNCES DETAILS OF 2023 CAGNY CONFERENCE PRESENTATION WEBCAST. [9], Horowitz was known for her research and teaching around the world, particularly in infant behavior and development. Fran Horowitz is 56, she's been the Chief Executive Officer and Director of Abercrombie & Fitch Co since 2017. Her age was 40. Yet that means there is still lots of upside, all the more so since A&F is stable, with its two pillar brands back in growth mode. Video: Sarah Cooper Writer, Comedian, Trump Impersonator, and More, Video: Bob the Drag Queen Grades Legendary Fashion Looks, Video: Supreme Court Style: Inside the Legacy of Ruth Bader Ginsburg's Collars, Video: The Origins of French Girl Style la Chanel, Video: Model Shaun Ross Talks Diversity in the Fashion Industry, Video: Fashion for All CEO Hannah Stoudemire On Her #BreakingtheSilence Campaign, These Inclusive Face Masks Provide Functional PPE to All Frontline Workers, Video: Stir Crazy Cooking With Jason Wu, Video: 'Home' Art in the Time of Coronavirus, Video: Stir Crazy Social Distancing With Jen Atkin, Video: How WWD's Fashion Market Team Works From Home In Style, Video: Coronavirus Face Shields See Inside A NYC Pop-Up Factory, Video: Get an Inside Look at How PPE Is Made, Video: How Fashion Is Fighting Coronavirus. He also launched the Hollister brand in 2000in Ohio, very far from the Pacific Ocean, to harness the surfer-casual market; it overtook Abercrombie in sales in2011. Bill Friend, VP of Fluent Commerce, a retail management company focused on digital shopping services, said. "We are a much more inclusive company, we are closer to the customer, we're. She authored more than 120 articles, chapters, monographs, and books on the subjects of infant development, early childhood development, high-risk infants, the gifted, and theories of development. You were one of a kind and I consider myself so fortunate to have called you my friend. For Fran Horowitz, chief executive officer of Abercrombie & Fitch, priority number one for transforming the image and performance of the Hollister and Abercrombie brands was resetting the mind-set of the organization. And when she applied to a doctoral program in education at the University of Iowa, the public schools superintendent recommended to his friend, the dean of Iowas education school, that her application be rejected. The company reports Q3 earnings in mid-November. Sales at both Abercrombie & Fitch and Hollister were in the middle of a decline from their high-water mark of $4.5 billion in 2012; by 2016, their combined sales would sink 28% from that high. Target's Brian Cornell and Abercrombie's Fran Horowitz both saw the bulk of their pay packages come in the form of stock awards. I look forward to contributing to Conagra's ongoing success.". On this Wikipedia the language links are at the top of the page across from the article title. The company now gets almost half of its sales online, and Abercrombie & Fitch and Hollister have each closed dozens of stores in the five years since she took the reins.