Thursday, August 19, 2010
Abercrombie & Fitch Plans on Closing 110 Stores by the End of 2011
Now, don't panic people! The stores that are being closed are located in small malls and have always reported somewhat satisfactory revenue. Over all, the brand is performing well as it navigates through the annoying mess the late-2000s economic recession has made. American sales are kinda sluggish, so the company is focusing on opening international stores instead which have been brilliantly successful! Stores up the hierarchy (like flagships and locations in high-volume malls) are in fact overperforming!