Abercrombie & Fitch CEO Mike Jeffries to Step Down

Abercrombie & Fitch is facing challenges in the teen market, with competition from fast fashion brands and a shift in consumer preferences. Activist investor Engaged Capital has influenced management changes, including the departure of CEO Mike Jeffries. His controversial leadership style and timing of his exit raise questions. The company is searching for a new CEO to navigate these challenges.

What implications does the timing of Jeffries' departure have for Abercrombie?

What was controversial about Mike Jeffries' comments regarding customers?