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The
move is part of a strategy to organize executives by brand
rather than product, the newspaper said.
All except one of the new positions will be filled by recently
hired outsiders and the executives will report to Abercrombie's
brand president, Christos Angelides, the Journal said.
Abercrombie said it would issue a press release at 8:30 a.m. ET
on Tuesday, but did not give further details.
Abercrombie tapped executives from Ralph Lauren Corp's Club
Monaco chain, PVH Corp Kohl's Corp and Carter's Inc for
the new positions, WSJ said.
Abercrombie, once popular for the preppy clothing it sold under
its namesake brand, has struggled to revive flagging sales with
customers tiring of its logo-centric apparel.
The company, however, said in May that its business was showing
signs of recovery as sales of its Hollister-branded clothes
improved, suggesting that efforts to revitalize the retailer may
be starting to pay off.
The retailer is still looking for a permanent replacement to
fill the CEO post after Michael Jefferies stepped down in
December.
(Reporting by Rishika Sadam in Bengaluru; Editing by Anupama
Dwivedi and Kirti Pandey)
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