Abercrombie & Fitch says its London store, its first location in Europe, is scheduled to open Thursday. The New Albany, Ohio-based chain, which has been struggling with declining sales at its A&F stores, as well as at its Hollister and Ruehl chains, has remodeled a 1725 building on Savile Row. Calling the new store its "worldwide flagship," the company says it will "provide an extraordinary showcase for the Abercrombie & Fitch brand." -- Sarah Mahoney