The American streetwear clothing company Abercrombie

The American streetwear clothing company Abercrombie & Fitch slows its expansion in Europe, given the economic climate, which affect several of its projects. The group, which opened store in the Plaza Marques de Salamanca in Madrid on November 3, has decided not to sign the lease for a shop in Barcelona, located at the corner of Paseo de Gracia and Gran Via, with a area of 2,800 square meters, in the former headquarters of Bank Life. The Abercrombie abc mart strategy change will also affect similar projects abc mart in other cities such as Vienna, Munich, Hamburg and Amsterdam. Until now before reaching Spain, the company was present with its subsidiary Hollister clothing youth in Madrid, Barcelona, Valencia, Malaga, Bilbao and plans other openings abc mart in other cities. This group founded in 1892 and listed on the Stock Exchange on Wall Street, has embarked on its international expansion with the opening of stores in Milan, Paris, London, Japan and Canada. Abercrombie & Fitch currently operates internationally with about 1,110 establishments of its brands Abercrombie & Fitch, Abercrombie kids, Hollister and Gilly Hicks. The U.S. group has closed the first nine months of its fiscal year with a growth of 22 percent. The company's profit has jumped 87 percent to $ 108 million. Photos: Abercrombie & Fitch Flagship abc mart Madrid
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