Abercrombie shores up cash position as stores stay closed

Tristan Navera
Abercrombie shores up cash position as stores stay closed

Abercrombie & Fitch is keeping stores closed and taking other steps to enhance its cash position. The company had announced March 15 that it would keep all stores outside of the Asia-Pacific region closed for at least two weeks through March 28. It has 850 Abercrombie and Hollister stores around the world, but only about 50 in Asia.