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Abercrombie & Fitch will Close 60 Stores in the USA this Year

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They're calling it a "Retail Bloodbath"—shares of mega-retailers American Apparel and Abercrombie & Fitch are down, with American Apparel's finances pretty much in the crapper. Today, word comes that Abercrombie & Fitch will close 60 stores in the United States this year. Yeah, the bedbug infestations this summer at the Abercrombie & Fitch and the Hollister downtown probably didn't help much.
· Retail Bloodbath: Am Apparel Plunges, Abercrombie Cuts Spending [Barrons]