Leslee Herro

Struggling fashion retailer Abercrombie & Fitch said it would expand its women's tops collection, offer larger sizes and more colors, and start selling shoes, in a bid to win back teen customers who have turned to trendier labels. A&F shares closed down 14 percent at $33.13 on Wednesday after the company reported a seventh quarterly fall in same-store sales in a row and warned of a tough holiday season. Analysts and investors have been looking for a new strategy from the company as its shares have now lost about 30 percent of their value this year. 

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