Aber­crom­bie shrinks

The Daily Herald - - HERALD BUSINESS JOURNAL -

Aber­crom­bie & Fitch Co. re­ported a wider loss for its sec­ond quar­ter Tues­day and said it’s clos­ing up to 60 stores in the United States as both U.S. and in­ter­na­tional sales fell. The teen-fo­cused re­tailer also of­fered a down­beat out­look for a key sales mea­sure, as busi­ness con­tin­ues to be hurt by a de­cline in tourists to its flag­ships in key cities. The clo­sures will rep­re­sent about 8 per­cent of its store count in the do­mes­tic mar­ket.

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