Abercrombie Separates Chairman Role from CEO

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Jan. 28 (Bloomberg) -- On today's "The Roundup," Adam Johnson, Trish Regan, Cory Johnson, and Alix Steel wrap up the day’s top market stories on Bloomberg Television's "Street Smart." (Source: Bloomberg)

To redefine itself, abercrombie & fitch.

Looks like they're going to split the role of chairman and ceo.

Michael jeffries has been both and now he's just going to be the ceo.

The chairman will be arthur martinez, the former chairman over at sears and they are also eliminating the shareholder rights plan and this is happening two months after engaged capital says you need a new ceo and you might want to think about selling yourself off to private act the.

The shareholder rights plan in theory paves the way.

Michael jeffries is the ceo, if you remember -- this guy has had a lot of oh talks.

-- a lot of botox.

[laughter] michael jeffries likes all of his models and he likes the flight attendants to wear very specific outfits into spritz themselves with a&f cologne.

You cannot make this up.

Teens aren't buying clothes.

They don't have jobs.

The concern is that they have not differentiated themselves.

The analysts in the community are looking at urban outfitters to get more interesting stuff.

Intimidating to go into the store.

Everybody is so pretty.

We see a trend where we see some lower end retail having difficulty and higher-end, like tiffany, doing well and we see this talk of income inequality and we see this playing out in the market and in the results we are seeing.

It should have that teen nic he.

Is the product.

If they don't have a job in no super awesome product, what will drive them into the stores?

Beautiful people with no shirts on.

[laughter] isn't that what high school is for normally?

You know it.

Thank you, guys.

This text has been automatically generated. It may not be 100% accurate.

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