Abercrombie & Fitch is planning to close up to 40 stores, mostly in the U.S., during fiscal 2019.
Abercrombie & Fitch said Wednesday it plans to close up to 40 stores by next February, with the majority of closures slated in the U.S.
Abercrombie, which also owns Hollister, has been staging a comeback after losing its foothold as a teen staple clothing brand. Over the last eight years, Abercrombie has shuttered about 475 stores. The company has also been reducing the size of its stores and remodeling existing locations.
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