You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Holiday slump slows clothes retailer

Continue reading below

Apparel retailer Abercrombie & Fitch said net income rose in the fourth quarter as it opened stores abroad. Revenue in stores open at least one year, however, fell 4 percent. As US growth slowed, Abercrombie has accelerated growth overseas and online. The company said it plans to close 40 to 50 US stores in 2013. The company said it earned $157.2 million, or $1.95 per share, during the period, compared to $45.8 million, or 52 cents, a year ago. Revenue rose 11 percent to $1.47 billion. Analysts had expected $1.48 billion.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week