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A&F Lays Off 150 Employees

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New Albany-based teen clothier Abercrombie & Fitch has laid off 150 people at its headquarters, citing poor market conditions. A&F says same-store sales in its fiscal third quarter fell, while profit declined by 81 percent. Over the past six years, the retailer has closed 350 stores around the world, and that process is expected to continue.

Jim has been with WCBE since 1996. Before that he worked as a reporter at another Columbus radio station, and for three newspapers in Southwest Florida.
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