Abercrombie Closing Up To 60 Stores After Posting Wider Loss

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. Abercrombie, once a top destination for teens, has struggled to adjust as its customers increasingly shop on their phones and other mobile devices, and shift more to fast-fashion chains like H&M.

Topics:  h&m    abercrombie   zacks investment research   abercrombie   stores   loss   year   revenue   customers   key   retailer   analysts   
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