The brand, which was cocreated by TikTok stars and sisters Charli and Dixie D’Amelio, debuts May 20 at Hollister stores and Socialtourist.com.
Wexner and wife Abigail will not be up for re-election to the Victoria’s Secret’s parent company board this spring.
Abercrombie & Fitch continued to reduce its fleet of underperforming flagships while opening smaller, omni-enabled, more profitable stores.
The retailer will host virtual mental health discussions between high school students and TikTok stars, such as Charli and Dixie D’Amelio.
The program at its home office and distribution centers will eliminate approximately 16,000 metric tons of carbon from the atmosphere annually.
Strong digital sales and improving sales at stores were tempered by concerns over spiking coronavirus cases.
Meghan Frank will take over the position Nov. 23.
Gibson’s addition to the team is part of the retailer’s extended global diversity and inclusion efforts.
Crevoiserat, who has been serving as interim ceo since July, is the first woman to lead the fashion company that houses the Coach, Kate Spade and Stuart Weitzman brands.
Executives cite the team’s “agility” to adjust marketing and merchandising, chase orders and “lean” into the digital business.
Going forward, the company expects to see continued material adverse impact as a result of the pandemic.