Abercrombie & Fitch Last Outlet Close Down on May 2
source Getty Images
source thestraitstimes
Another fashion retailer in Singapore has come to the end again, On April 18 the American apparel brand Abercombie & Fitch announced that on their Instagram that they will be leaving Singapore’s shores for good on May 2. According to Abercombie & Fitch’s financial report, the company has closed eight of its flagship location and 129 non-flagship locations by the end of 2020 due to the result of the Covid-19 pandemic. The brand has reported net sales of US$3.1 billion ($4.1 billion) for the year ended on January 30, 2021, down by 14 percent from the previous year ended Feb 1, 2020.