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Abercrombie Cites Tourism in Closing 8 Flagship Stores Last Year

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Last year, Abercrombie & Fitch walked away from eight stores that relied on traffic from tourists, a population largely forced to curb travel plans amid the coronavirus pandemic. It also grew digital sales as consumers shied away from stores. In a Nutshell: In total, the specialty retailer closed 137 stores during 2020, and tweaked products…

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