Retail in Asia

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Abercrombie to contract in US, expand in Japan

Abercrombie & Fitch has identified more than 200 underperforming stores. According to the Wall Street Journal, about half of those stores will have a lease expire in the next three years, at which point Abercrombie will vacate them.

However, the specialty youth apparel retailer is planning to expand its store footprint internationally even as it contracts in the US during 2010. Abercrombie plans to open Abercrombie & Fitch flagship stores in Japan, Copenhagen, Denmark and Fukuoka. In addition, the company expects to open approximately 30 international mall-based Hollister stores.

(Source: Retailer Daily)