Abercrombie & Fitch Updated And Increased Store Investment Plan To Include About 60 New Stores, While Closing About 40 Stores, During Fiscal 2024
Portfolio Pulse from Benzinga Newsdesk
Abercrombie & Fitch has updated and increased its store investment plan to include opening about 60 new stores and closing about 40 stores during fiscal 2024.
June 07, 2024 | 8:40 pm
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Abercrombie & Fitch plans to open 60 new stores and close 40 stores in fiscal 2024, indicating a strategic shift in its retail footprint.
The decision to open more stores than it closes suggests a positive outlook and potential growth for Abercrombie & Fitch. This strategic move could attract investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100