Abercrombie & Fitch To Close 60 Stores In The US

Shares of American Apparel and Abercrombie & Fitch  are both down, as the former offered a disappointing preliminary Q2 earnings report, and the latter beat expectations but cut its outlook for capital spending.


Abecrombie & Fitch announced it plans to close down 60 stores in the United States, while opening several more overseas, including 20 Hollister stores.