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Abercrombie to Close 60 Stores, Pursue Smaller Format Model

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

On Wednesday, Abercrombie & Fitch announced plans to close up to 60 locations across its banners in 2018. Though the retailer reported a strong Q4 sales performance, it’s still undergoing a transformation that necessitates changes in its retail strategy. The Abercrombie group reported a net sales increase of 15 percent for the fourth quarter, ended Jan….

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