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Abercrombie To Close More Than 100 Stores

| Filed under: Business BlitzAbercrombie & Fitch

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It's been a rough year for Abercrombie & Fitch.

After being infested with bedbugs and cutting prices to keep up with competitors the preppy retailer will be closing 60 stores by the end of the year and 50 more by 2012.

Abercrombie said the majority of the closures are due to expired leases, but we're sure having crappy sales didn't help either.

[Image via AP Images.]

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