Apple retail exec leaves for Abercrombie

The chief financial officer for Apple's retail unit is leaving to become CFO of clothier Abercrombie & Fitch.

Michael Kramer, who worked at Gateway and Limited before joining Apple, will start at Abercrombie on August 8. "His understanding of leveraging the power of strong brands makes him a great new leader for the company," Abercrombie CEO Mike Jeffries said in a statement.

Featured Video

Why do so many of us still buy cars with off-road abilities?

Cities are full of cars like the Subaru XV that can drive off-road but will never see any challenging terrain. What drives us to buy cars with these abilities when we don't really need them most of the time?

by Drew Stearne