Friday, May 7, 2010

Abercrombie too expensive

 
It Seems the Embroidered Moose logo is losing its cachet.

Abercrombie is a world known store. But why their world known is not exactly a good reason. At the ages of  11+ everyone decides that this is the “it” place to shop. But Abercrombie is one of the most expensive stores you can shop at. They don’t lower their prices, because they know they don’t have to, because their customes wil return. “ It all looks the same” says Madi Tucker. Though there’s a variety of opinions. “ Yes, I shop there, yah I think it’s expensie, but I like it because of the fabric and it’s comfty, says Anonymous. Obviously Abercrombie has an impact on everyone, just different ways. Seventh grader Tiffany thinks “ It’s good for running and my mom likes to buy it for me.” You may wonder, why should I waste my time reading this? Well, a lot of people throw their money away shopping at Abercrombie. Jenny Nam had this to say “ Its expensive, but there’s no where else to shop.” So, now people shop there because it’s the only option? In truth it is expensive, but there is other places to shop. Yes the fabrics nice and ohhh, the moose logo makes you look so cool. But logos mean nothing, if your happy wearing Target brand clothing, great. If you love Abercrombie, that’s great too. It just depends on what you like, don’t waste money because you think you have too, because you always have another option.

Abercrombie has to pay Michael S. Jeffries’ a $4 million sum just so he can stop overusing the corporate jet. Under the terms of Mr. Jeffries’ recently changed employment agreement, he will no longer have unlimited, personal use of company aircraft and he will actually have to reimburse Abercrombie if his personal use of the company aircraft exceeds $200,000 a year.The $4 million sum is a compromise for Jeffries’ agreeing to limit his abuse of jet privelages. The payment is, however, subject to a claw back provision. If Jeffries voluntarily resigns during his employment term, (which expires in 2014,) he would be required to pay a HUGE sum of money back to Abercrombie. The changed agreement also eliminates Jeffries’ right to a tax gross-up payment in connection with his personal use of Abercrombie aircraft. Apparently cloths are not the only things that are expensive at Abercrombie – its CEO costs a bunch too.

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