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Abercrombie Looks Abroad for Growth

NEW ALBANY, OH-The company is 'not bullish on US malls at this point,' says CEO Mike Jeffries.

By Debra Hazel | Updated on February 13, 2009

NEW ALBANY, OH-Abercrombie & Fitch Co. will focus much of its growth in 2009 outside the US, executives said during the company’s fourth-quarter conference call.

While the company plans 10 new openings among its various brands across the country because of existing commitments, its leasing focus is now on expanding Hollister and other brands in Europe, as real estate conditions permit.

“We are not bullish on US malls at this point,” said Mike Jeffries, CEO and chairman. “We are very bullish on our international potential. We’re looking at each brand in terms of its potential internationally. That is the perceived growth vehicle for this company.”

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