ANF Abercrombie says on call that it expects ~20 openings of Hollister International stores As for store closing the co says it expects ~50 additional stores to close during 2011 (after closing ~60 domestic stores in 2010--most in 2H of the year). The closing are mostly from lease expirations but some are early closures. The total number of closures could increase if co can negotiate buyouts on underperforming stores with later lease expirations... Co lowers it full year CapEx guidance. Co sees 2010 CapEx of ~$200 mln (~$160 mln related to new stores/remodels and ~$40 mln for IT).
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