Abercrombie & Fitch to Close 180 US Stores

Teen clothing retailer Abercrombie & Fitch plans to close 180 U.S. stores over the next few years as it tries to improve its financial performance. Abercrombie used to generate most of its sales in the U.S. but has shifted its focus to overseas markets such as Europe and Asia, where it's still growing. The chain has already closed 135 underperforming U.S. stores over the past two years.