Retail News

Abercrombie & Fitch will close 60 stores to aid successful turnaround

Business Insider 03/07/2018

Abercrombie has pleased Wall Street of late with a well-disciplined turnaround strategy. Yesterday, the retailer reported that its fourth quarter same-store sales grew 9 percent, boosted by 11 percent growth at its Hollister stores. Nevertheless, to keep performance on track, the company said it will close as many as 60 stores this year between its Abercrombie and Hollister banners.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!