Abercrombie & Fitch will take its logo off nearly all its North American clothes amid continued sales declines. Analysts say Abercrombie's woes are part of a broader trend that's left fashion retailers struggling to keep up with today's plugged-in young consumers. "[I]f what's in the stores is not changing as fast as what's happening around them, you’re going to lose them," says Marcie Merriman of Ernst & Young.

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