abercrombie

Abercrombie to Close 60 Stores as Q2 Sales Decline

| Mike O'Brien

As it struggles to woo more 20-something shoppers and faces fast-fashion competition, Abercrombie & Fitch announced plans to close 60 U.S. locations. Omnichannel and DTC were bright spots in a tough Q2, with DTC now representing 23% of sales. See what executives said about efforts to tweak its brand positioning and improve results.

Abercrombie & Fitch Expands in the Middle East

| MCM Staff

Abercrombie & Fitch Co. announced that it has expanded its existing relationship with Majid Al Futtaim Fashion through a franchise development agreement to establish a retail store presence in the Kingdom of Saudi Arabia, Qatar, Bahrain and Oman.