Teen apparel retailer Abercrombie & Fitch said at its annual investor meeting that it plans to grow into a $5 billion business. The retailer is looking to continued growth of direct-to-consumer
sales, including online, and an improved store base due to a remodeling effort, the report said. Abercrombie will remodel 100 to 150 Hollister locations and between 50 and 75 namesake stores in the
next three ears.
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