Abercrombie & Fitch to Close 60 Stores in 2017

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Abercrombie & Fitch announced on Thursday it will be rebranding and closing 60 stores in 2017. The decision came as a result of a 9-percent drop in sales in 2016.Despite the decrease in profits, the brand’s CEO, Fran Horowitz, remains positive about the company’s holdings in general. “Hollister, our largest brand, achieved positive comp sales and the Abercrombie brand renewal continues, although it is a work in progress,” she said in a statement. “While overall results did not meet expectations, 2016 was a year of significant progress on each of our strategic priorities.” In other words, the company is adapting to the current consumer climate www.canadagooseonsale.biz , which means more investment in online and less in traditional, brick-and-mortar locations. – Continue Reading Below Misty mornings are magical (if you rock the right coat). A post shared by Abercrombie & Fitch (@abercrombie) on Jan 29, 2017 at 8:09am PSTIn the grand scheme of things, 60 stores isn’t very much. Abercrombie & Fitch will still have 647 physical store locations even after the cuts, according to Business Insider. Shuttering stores is also not a new development—the label has been closing retail locations yearly. Reuters reports Canada Goose , for example, that it closed 54 shops last year alone. I dream of beanie. 😜 A post shared by Abercrombie & Fitch (@abercrombie) on Oct 20, 2016 at 9:15am PDTWhatever the future holds, this news still means 60 less opportunities to smell that distinct Abercrombie smell and have your mom complain to you about the loud music. #Memories.From: Cosmopolitan US

Abercrombie & Fitch to Close 60 Stores in 2017

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