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Abercrombie & Fitch to shut Hong Kong store

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US fashion chain Abercrombie & Fitch will close its four-storey ­flagship store in Central as early as next year amid the economic downturn and a slump in shoppers from the mainland.

The 25,600 sq ft store on ­Pedder Street opened in 2011, paying HK$7 million in rent per month, double that of previous tenant Shanghai Tang.

US fashion chain Abercrombie & Fitch will close its four-storey ­flagship store in Central as early as next year amid the economic downturn and a slump in shoppers from the mainland.

SEE ALSO: Forever 21 shuts down flagship store in Causeway Bay

The 25,600 sq ft store on ­Pedder Street opened in 2011, paying HK$7 million in rent per month, double that of previous tenant Shanghai Tang.

There would be no Abercrombie & Fitch branded store in the city after, but the company intended to add five stores on the mainland by the end of January.

Comparable sales of the brand fell 14 per cent between August and October compared with the same period last year. It did not ­reveal its sales performance in Hong Kong.

SEE ALSO: Hong Kong retail might go underground, literally

Earlier this month, US fast-fashion brand Forever 21 said it would close its flagship store in the heart of the Causeway Bay shopping district late next year.

Coach, another premier US brand, also closed its four-storey main store in Central last year amid weak retail sentiment.

(Source: SCMP)

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