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Abercrombie & Fitch to close up to
50 stores in the U.S. following weak
sales during the holiday season

Daily Mail (UK), by Damian Ghigliotty

Original Article

Posted By:JoniTx, 2/23/2013 3:38:31 PM

Teen retailer Abercrombie & Fitch said Friday it plans to close 40 to 50 of its U.S. stores this year as the company’s shares took a nosedive following lukewarm sales over the holiday shopping season, a crucial time for retail chains. Comparable store sales at Abercrombie’s U.S. stores fell 1 per cent in the fourth quarter, furthering previous declines in the company’s selling power. Shares of Abercrombie tumbled 4.5 per cent on Friday after the announcement was made. The Ohio-based retail company’s chief executive Mike Jeffries told analysts during a conference call on Wednesday that

Comments:
Please note site style for headline. LCom Staff.

      


Post Reply  

Reply 1 - Posted by: Ribicon, 2/23/2013 3:46:26 PM     (No. 9192674)

Just another sign of the Obama Miracle.


Reply 2 - Posted by: pineledger, 2/23/2013 3:58:58 PM     (No. 9192688)

Good. And maybe they will cut their advertising budget by 90% and do us all a favor.


   

 

R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: Bobn.T, 2/23/2013 4:23:18 PM     (No. 9192710)

About twenty years ago, I talked with a store manager and told him their prices were very high. Still are high.

I´ve never bought a single item from A&F.

Glad they´re going down. I never like them sexualizing their clothing and teens.


Reply 4 - Posted by: Halfvast Conspirator, 2/23/2013 4:27:18 PM     (No. 9192715)

The season of recovery!


Reply 5 - Posted by: Topic Thunder, 2/23/2013 4:37:28 PM     (No. 9192724)

Another awesome hole-in-one for Obama!


Reply 6 - Posted by: snapper451, 2/23/2013 4:48:12 PM     (No. 9192736)

No loss here - this is how capitalism weeds out the weak.


Reply 7 - Posted by: fiesta del sol, 2/23/2013 5:04:42 PM     (No. 9192747)

I hope they close the one in my mall. I hate walking past the 3/4 naked pictures they have plastered at the front of the store. Plus, what in the world do they spray in there to get that horrible smell?


   

 

  


 
Reply 8 - Posted by: veritas, 2/23/2013 5:21:45 PM     (No. 9192762)

I guess they´re not part of the private sector. Right, Stinky?


Reply 9 - Posted by: Gartrell bibberts, 2/23/2013 5:39:46 PM     (No. 9192771)

Actually, the free market system is working (at least in this case) since they were purveyers of sleazy clothes, very poor quality, at high prices.


Reply 10 - Posted by: dixieboy1, 2/23/2013 5:45:43 PM     (No. 9192778)

A couple of months ago Dixiegirl and I walked into an A&F store. They had music(?) playing so loud that we raced each other to get out of there. Hope they close all of their stores.


Reply 11 - Posted by: grounded, 2/23/2013 5:48:29 PM     (No. 9192779)

FTA: "The company plans to open another store in China in March, (chief executive Mike) Jeffries said on Wednesday. ´We see growing awareness and familiarity with our brands in China as a major opportunity,´ he told analysts."

Unfortunately, that "familiarity" is the by-product of being employed, for slave wages, sewing the garments together. One wonders if those poor schlubs in the PRC that make the stuff can afford to purchase it.


Reply 12 - Posted by: JAN, 2/23/2013 7:12:55 PM     (No. 9192846)

Good riddance.


   

 

B-G1


 
Reply 13 - Posted by: Blue hen1, 2/23/2013 7:17:51 PM     (No. 9192851)

Overpriced crap anyway


Reply 14 - Posted by: god of irony, 2/23/2013 8:02:39 PM     (No. 9192884)

They could save tons of money by getting rid of the awful cologne and kiddie porn ads.


Reply 15 - Posted by: Udanja99, 2/23/2013 8:19:21 PM     (No. 9192892)

I´m old enough to remember when they were a high end sporting goods store. You could even buy a safari from them. Now they just sell skanky clothes to kids who have too much money.


Reply 16 - Posted by: 2timothy1:7, 2/23/2013 8:27:34 PM     (No. 9192900)

I really do dislike A&F. The post that refers to them as purveyors of kiddie porn is spot on.


Reply 17 - Posted by: M Stuart, 2/23/2013 8:47:11 PM     (No. 9192915)

I hate it so bad. A&F is a purveyor of sleaze.


   

 

R_DBL_B
  


 
Reply 18 - Posted by: realrep, 2/23/2013 10:53:55 PM     (No. 9192992)

They can get stimulus money if they offer modeling jobs to MO and the girls.


Reply 19 - Posted by: LadyVet, 2/23/2013 10:59:34 PM     (No. 9192996)

Kiddie porn for pedophiles with odd fetishes who must like all those hairless boys who all look like cancer-stricken chemo patients.


Reply 20 - Posted by: Japanorama, 2/24/2013 2:32:04 AM     (No. 9193060)

Bet those A&F employees who voted for Obama are happy now.


Reply 21 - Posted by: Charactercounts, 2/24/2013 4:15:09 AM     (No. 9193077)

#16, I remember that, too. I wonder when they went off the rails and started selling junky, half-naked outfits to teenagers?


Reply 22 - Posted by: Trigger2, 2/24/2013 5:47:58 AM     (No. 9193092)

There goes their sex trade....


   

 



 
Reply 23 - Posted by: lancer12, 2/24/2013 7:14:59 AM     (No. 9193154)

Pricey playclothes not selling well. Who knew?


Reply 24 - Posted by: plumnellie, 2/24/2013 8:20:32 AM     (No. 9193242)

Good news.


Reply 25 - Posted by: Old Army Vet, 2/25/2013 10:16:36 PM     (No. 9196203)

Glad to see them go. Free market at work.


Reply 26 - Posted by: PageTurner, 2/25/2013 11:02:15 PM     (No. 9196254)

#16: I remember those days, too - one of my favorite sewing boxes is from the old Abercrombie & Fitch, the one Hemingway wrote about. Now it´s just plain icky. They should go back to the old days of being sort of a sportier Brooks Brothers or Orvis.



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