3:05 am - 02/24/2013
Abercrombie customers might want to get in all their shopping in the next 2 years before it's too late.
According to the CEO, the juniors clothing store is planning to close down at least 180 stores in the United States.
The Huffington Post reports that most stores in the U.S. are underperforming in comparison to its flagship NYC store.
The site reports:
By closing unprofitable locations, Abercrombie hopes to elevate its brand image as well as its profit margins. The 180 stores announced today are only the latest in a string of closures: last year, Abercrombie closed 71 U.S. stores, including 68 during the busy holiday shopping season. The company did not specify where the new closures will occur.
In the meantime, Abercrombie's company is planning to open up new locations in other countries because of the U.S.' shakey economy.
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Source
Hollister, I hope you're next boo.
Abercrombie Closing Tons of Stores; Teen & Shirtless Male Model Unemployment to Jump Up
Abercrombie customers might want to get in all their shopping in the next 2 years before it's too late.
According to the CEO, the juniors clothing store is planning to close down at least 180 stores in the United States.
The Huffington Post reports that most stores in the U.S. are underperforming in comparison to its flagship NYC store.
The site reports:
By closing unprofitable locations, Abercrombie hopes to elevate its brand image as well as its profit margins. The 180 stores announced today are only the latest in a string of closures: last year, Abercrombie closed 71 U.S. stores, including 68 during the busy holiday shopping season. The company did not specify where the new closures will occur.
In the meantime, Abercrombie's company is planning to open up new locations in other countries because of the U.S.' shakey economy.
------
Source
Hollister, I hope you're next boo.
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