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.
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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.
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In the meantime, Abercrombie’s company is planning to open up new locations in other countries because of the U.S.’ shakey economy.
SOURCE: Huffington Post
