Abercrombie & Fitch parent company to close up to 60 stores this year


Ohio-based retailer Abercrombie & Fitch announced it will close up to 60 stores this year.

The company confirmed it would close up to 60 of its Abercrombie & Fitch and Hollister stores in 2018. Closing store locations have not been identified yet.

The teen retailer eliminated 150 positions at the corporate level in January 2017. The clothing retail chain is headquartered in New Albany, just outside of Columbus. The company has struggled in recent years, closing  stores last year.

Chief Operating Officer Joanne Crevoiserat said on the most recent earnings call that closing stores is part of the company’s ongoing strategy. In 2017, Hollister grew to $2 billion in sales, while Abercrombie returned to positive comparable sales for the fourth quarter and record digital sales across all brands. 

 “We are pleased by our performance, delivering positive comparable sales for the fourth quarter across brands, channels and geographies and more than doubling our operating income. Our focus on staying close to our customer, executing to our playbook and maintaining our disciplined approach to expense management delivered a strong performance on both the top and bottom line,” he said. 

» TRENDING: Buffalo Wild Wings to close restaurant location in Springboro

There is one store location at the Mall at Fairfield Commons in Beavercreek, and another location at Kenwood Towne Center in Cincinnati. A location at the Dayton Mall also closed several years ago.

Abercrombie also owns the Hollister brand, another teen clothing retailer, which has locations at the Dayton Mall, Mall at Fairfield Commons, Liberty Center, Tri-County Mall and Kenwood Towne Center.

FIVE FAST BUSINESS READS

• JC Penney cuts 360 jobs in stores, corporate headquarters

• Could Dayton see a hyperloop stop? City included in feasibility study

• Macy’s outlet store to open at shopping center in Dayton area

• Check out this $1 million home for sale in Clearcreek Twp.

• Tyra Patterson: Every day is a second chance



Reader Comments ...


Next Up in Business

Dream job alert: Ohio’s first Legoland Discovery Center hiring 40 people
Dream job alert: Ohio’s first Legoland Discovery Center hiring 40 people

Ohio’s first Legoland Discovery Center is looking for 40 full-time and part-time employees in a July hiring push. Open interviews at the indoor playground’s job fair will be July 13 to 15. The company is looking for experience in food and beverage, retail, admissions and custodial roles, according to a release. Legoland will open Sept....
Fifth Third Bank to lay off undisclosed number of employees
Fifth Third Bank to lay off undisclosed number of employees

Fifth Third Bancorp is cutting jobs in the region, bank officials are telling the media. The company is not discussing the number of employee layoffs or how many are happening in the Dayton area. No notice of layoffs appeared on the state’s “WARN” (Worker Adjustment and Retraining Notice Act) notice board as of early Friday. Typically...
Documenting growth: O’Neil seeks up to 100 new workers
Documenting growth: O’Neil seeks up to 100 new workers

A year ago, Hernan Olivas was several months into his new role as chief executive of technical documentation and engineering firm O’Neil & Associates. After the unexpected passing of his predecessor, Robert Heilman, Olivas saw his mandate pretty clearly: Raise the revenue bar. Explore revenue possibilities locally, including at Wright-Patterson...
Bada Bing Pizzeria is out, En Fuego is in, owners say
Bada Bing Pizzeria is out, En Fuego is in, owners say

A Facebook post by Bada Bing Pizzeria on Tuesday announced to guests that it would be serving its last slice of pizza on Sunday — but the owner told them to stay tuned for what’s next. What is next? Bada Bing owner Jason Hague said the answer, is a new concept — a restaurant called En Fuego Wood-Fired Tacos. He will own and operate...
Kroger’s new approach to stocking shelves is boosting its earnings
Kroger’s new approach to stocking shelves is boosting its earnings

Shares of Kroger Co. surged Thursday after the company topped Wall Street expectations and gave an upbeat outlook. The grocery store has been making more investments in online offerings while shedding more traditional convenience stores in an effort to become more competitive. Earlier this year it sold its convenience store unit for $2.15 billion and...
More Stories