Abercrombie & Fitch has laid off 150 people at its New Albany headquarters, the most recent in a wave of bad news among the nation's struggling retailers.
The layoffs were announced to the staff Jan. 25, a spokeswoman for the retailer said. About 2,200 employees work at the corporate offices, the company said.
Abercrombie made the cuts “to ensure we are structured appropriately for the current retail environment,” spokes-woman Mackenzie Bruce said.
“We appreciate the contributions these associates have made while with Abercrombie & Fitch, and we will make certain that they are treated fairly and with respect through this process,” the company said.
The layoffs come after months of downbeat news among retailers, including a bankruptcy filing by Abercrombie's former corporate sibling, The Limited, as well as the bankruptcies of PacSun, Aeropostale, Sports Authority and American Apparel.
Other retailers, such as Sears and Macy's, have reported disappointing earnings and plan to shut down hundreds of stores.
Abercrombie has struggled in recent years even as it focused on retooling its two main brands, Abercrombie & Fitch and Hollister.
In November's third-quarter earnings report, Abercrombie announced that same-store sales, a key retail metric, fell for the third straight quarter and profit plummeted 81 percent.
Then, in December, Keybanc Capital Markets analyst Jessica Schmidt wrote in a note to investors that she was seeing “continued challenges despite efforts to reposition the brand.”
“While we have noticed some improvement at the Hollister banner, we expect issues at Abercrombie & Fitch to more than offset that,” Schmidt said.
Abercrombie has moved aggressively in closing underperforming stores. Over the past six years, the retailer has shut 350 locations around the world, and that process is expected to continue.