So, it’s officially not a good month to be Abercrombie & Fitch. Hot on the heels of a lawsuit from yet another employee, the company has announced plans to close the entire chain of its Ruehl stores. What exactly is Ruehl you ask? Well, if you can actually remember, the chain opened roughly five years ago and offered a “sophisticated” range of denim, casual separates, leather goods and fragrance. The pieces were priced slightly above A&F’s standard fare and targeted at post-collegiate men and women between the ages of 22 and 35. Well needless to say, it never really caught on and to date has lost over $50 million. Sucks to be a post-grad frat boy today! [LA Times]
