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Abercrombie’s turnaround efforts bring sales growth

Changes in marketing and product assortment paid off for Abercrombie & Fitch, which booked same-store sales growth of 5% at its namesake stores and 11% at Hollister for the quarter ended Feb. 3. The retailer said it will shutter 60 stores this year and open 21 new full-price locations, half of them outside the United States. Read the Bloomberg story here

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