Skirt or Belt?

I, very officially, feel like an old person on this one.  I'm one step away from yelling at kids to stay off my lawn and turn the music down.

That being said - I was shopping this weekend.  I went into Abercrombie (yes, I know).  I was curious what they carry these days.  I saw the above.  

It's a skirt.  I, too, was a little confused.  Now, I'm not necessarily all about dressing modestly.  I'm not bothered by teenage girls in half-tops or short shorts.  However, this, in my mind, is a step across the line.  And, if the person wearing this isn't a teenager - well that's even worse!  

But serious now.  How does one wear this?   How does one, ahem, bend over (even slightly)?  It literally looks like a belt?

I'd like to think fashion wasn't so bad when I was younger.  And I'd also think that, when I was younger, I would have had the good judgment not to buy this or try to wear it.  I really really hope so.  

P.S.  Comment on the '30% off' irony.

Abercrombie & Fitch

Whatever happened to Abercrombie & Fitch?  I know the store is still out there because I see it at all the major malls.  Is it still popular?  Is it still expensive?  Is it still making sales despite the economy?  I feel like I don't see their clothes walking around on people much - maybe it's that they changed their style.  Maybe it's that I'm no longer in high school.  I don't know.  Maybe the company was started by some wealthy individual and isn't necessarily intended for profit - someone just enjoys keeping it running, even if it ends up in the red.  Does anyone know?