Abercrombie & Fitch Closing 180 U.S. Stores by 2015

Teen retailer Abercrombie & Fitch plans to close 180 U.S. stores by 2015, the company's CEO Mike Jeffries told analysts in a conference call Wednesday. The chain will target underperforming locations, but specific stores have not yet been announced. Last year, Abercrombie & Fitch closed 71 stores.

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