Abercrombie & Fitch sees FY14 CapEx $200M or slightly higher The company expects total capital expenditures for the fiscal year to be approximately $200M or slightly higher, including the effect of timing shifts from FY13. The company anticipates opening 16 full-price international stores throughout the year, including an Abercrombie & Fitch flagship store in Shanghai in April 2014 and a small number of Abercrombie & Fitch mall-based stores. In addition, the Company plans to open a small number of international and U.S. outlet stores during the fiscal year. The Company also expects to close approximately 60 to 70 stores in the U.S. during the fiscal year through natural lease expirations.
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