2/18/2010

Abercrombie & Fitch is forecasting better days in 2010 after customers left the chain for lower-priced retailers during the recession. Chief Executive Mike Jeffries says the company plans to close underperforming stores and focus on international expansion. After the chain's decision to maintain prices hurt its business during the recession, Jeffries says the stores will now make adjustments, though the chain will never be "a promotionally led business."

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