Abercrombie Closing Stores, While Web Sales Are Up

By  |  February 19, 2012
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Abercrombie & Fitch Co.’s online revenues increased more than 36% in 2011, from $406 million in 2010 to $552.6 million.

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    E-commerce is representing a larger share of Abercrombie’s total business as well. In 2011, online sales accounted for 13.3% of the clothing retailer’s total business; a year ago, that ratio was at 11.7%.

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    Meanwhile, Abercrombie CEO Mike Jeffries says his firm may end up closing roughly 300 of its stores between 2010 and 2015, including 71 closures in 2011, according to Internet Retailer.

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