Abercrombie & Fitch 2010 Annual Report Download - page 9

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Table of Contents
ASSOCIATE RELATIONS.
As of March 18, 2011, the Company employed approximately 85,000 associates, only 855 of whom were party to a collective
bargaining agreement in Italy. Approximately 76,000 of these associates were part-time associates.
On average, the Company employed approximately 25,000 full-time equivalents during Fiscal 2010 which included
approximately 16,000 full-time equivalents comprised of part-time associates, including temporary associates hired during peak
periods, such as the Back-to-School and Holiday seasons.
The Company believes it maintains a good relationship with its associates. However, in the normal course of business, the
Company is party to lawsuits involving former and current associates. Please see the discussion in "ITEM 3. LEGAL
PROCEEDINGS" in this Annual Report on Form 10-K.
ENVIRONMENTAL MATTERS.
Compliance with domestic and international regulations related to environmental matters has not had, nor is it expected to have,
any material effect on capital expenditures, earnings, or the Company's competitive position based on information and circumstances
known to us at this time.
DISCONTINUED OPERATIONS
On June 16, 2009, A&F's Board of Directors approved the closure of the Company's 29 RUEHL branded stores and related
direct-to-consumer operations. The Company completed the closure of the RUEHL branded stores and related direct-to-consumer
operations during the fourth quarter of Fiscal 2009. Accordingly, the results of operations of RUEHL are reflected in Loss from
Discontinued Operations, Net of Tax on the Consolidated Statements of Operations and Comprehensive Income included in "ITEM 8.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA" of this Annual Report on Form 10-K, for all periods presented.
Results from discontinued operations were immaterial for the fifty-two weeks ended January 29, 2011.
ITEM 1A. RISK FACTORS
FORWARD-LOOKING STATEMENTS AND RISK FACTORS.
We caution that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of
1995) contained in this Annual Report on Form 10-K or made by us, our management or our spokespeople involve risks and
uncertainties and are subject to change based on various factors, many of which may be beyond our control. Words such as "estimate,"
"project," "plan," "believe," "expect," "anticipate," "intend" and similar expressions may identify forward-looking statements. Except
as may be required by applicable law, we assume no obligation to publicly update or revise our forward-looking statements.
The following factors could affect our financial performance and could cause actual results to differ materially from those
expressed or implied in any of the forward-looking statements:
• changes in economic and financial conditions, and the resulting impact on consumer confidence and consumer spending,
could have a material adverse effect on our business, results of operations and liquidity;
6