Abercrombie Faces

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.