Jeffries stepped down in December 2014 after more than two decades at the helm of the company.
His exit followed 11 straight quarters of same-store sales declines. The retailer's same-store sales fell 10% in fiscal 2013, and in its most recent earnings report, the company cut its profit outlook for the year.
At the time, Eric Beder, specialty apparel analyst at Wunderlich Securities, said in a note to clients that Abercrombie was running out of options, noting that company has already exhausted numerous turnaround strategies, to no avail.
"What is going to turn the tide? Frankly, we have no idea," he wrote. "Abercrombie has already aggressively closed domestic locations, cut back on inventories, shifted away from logo products, cut costs…"