Abercrombie & Fitch Faces Roadblocks to Store Growth

As opportunities for store growth in the U.S. have dwindled, many retailers have set their sights overseas. But the latest headlines featuring teen apparel retailer Abercrombie & Fitch prove that in today’s precarious environment, even that strategy is no guarantee of success. Hit hard during the recession, Abercrombie & Fitch made plans to close 15 percent of its U.S. stores and concentrate on Europe as its next expansion stage.