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Abercrombie & Fitch to Close 56 Stores

February 15, 2011
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Abercrombie & Fitch has had strong financial results since mid-2010, but it was one of the slowest major retailers to respond to the new reality of the recession, and as a result its recovery lagged far behind most of its competitors.
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Retailers are poised to show only a modest rise in January sales a snow in many parts of the United States kept shoppers away from malls TAGS: Abercrombie & Fitch and Aeropostale Inc, American Eagle, BJ's Wholesale Club Inc, Gap, J Crew Group Inc, Outfitters Inc, TJX Companies Inc and Ann Taylor Stores Corp. Shoppers struggle with snow fall January numbers will also reflect a pullback in spending by shoppers, after they opened their wallets during November and December, helping U.S. retailers post their best holiday sales in six years. Retail chains ranging from Target Corp to J.C. Penney
 

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