abercrombie & fitch co. - ANF

The former Abercrombie & Fitch CEO Mike Jeffries and two other men have been arrested on federal sex crime charges, according to law enforcement sources.

Updated inventories and trendy logoless basics and jackets have allowed the company to rein in promotions and markdowns from a year ago, when it was dealing with softer consumer demand.

Global retailer Abercrombie & Fitch has been accused in a lawsuit of enabling former chief executive Mike Jeffries to run an alleged sex-trafficking operation for years.