Teen apparel retailer Abercrombie & Fitch plans to close 180 of its U.S. stores, or almost 18 percent of its store fleet by 2015, according to the Huffington Post. Last year, the chain already closed 71 stores.
Abercrombie was badly hit during the downturn because of its rather high price point and has experienced some difficulty in coming back to its former glory. Specialty retailers as a group continue to have a tough time because of the popularity of discount concepts like Ross Dress for Less, Marshalls and TJ Maxx.
In fact, when Retail Traffic forecasted upcoming store closings for 2012, specialty apparel chains were singled out as one of the most likely retailing segments to announce store closings this year.