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Abercrombie to Close 60 Stores, Pursue Smaller Format Model

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.

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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