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Jan 16, 2017  

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"We waited for decades, sometimes feeling we had been left alone, sometimes almost losing hope, sometimes feeling that we were the only one who protected civilization from aggression that came from the east." The American deployment includes an armored brigade of 3,500 American troops from Fort Carson, Colorado. It comes in reactions to Russia's annexation of Crimea from Ukraine in 2014 and its backing of separatist insurgents in Ukraine's east. Those actions have frightened many in Poland, the Baltic states and other countries in Eastern Europe that were once under Moscow's control. The Polish government organized several other events across the country, including in downtown Warsaw, to welcome the Americans. "This is an important day for Poland, for Europe, for our common defense," Prime Minister Beata Szydlo said. The troops are due to fan out across seven countries from Estonia to Bulgaria for exercises. A headquarters unit will be stationed in Germany. After nine months they will be replaced by another unit. NATO will also deploy four multinational battalions to its eastern flank later this year, one each to Poland and the three Baltic states. The U.S. will also lead one of those battalions.

"In this case, we could be forced to change our economic model and we will

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have to change our model to regain competitiveness," Hammond said. "We will change our model, and we will come back, and we will be competitively engaged." German Chancellor Angela Merkel has said the EU must consider limiting Britain's access to its market if London fails to accept the bloc's 'four freedoms' in Brexit negotiations. The EU's single market emerged from the 1992 Maastricht Treaty on European integration. This enshrines the EU's "four freedoms" - of movement of goods, capital, people, and services. British Prime Minister Theresa May has repeatedly said she will not reveal her Brexit negotiating strategy before triggering Article 50 of the EU's Lisbon Treaty, a step expected by the end of March. May has said she wants Britain to regain control over immigration, restore its sovereignty and also establish the best possible trading relations with the EU. But senior EU leaders have warned Britain there could be no "cherry picking", and Merkel has urged the 27 remaining EU states not to allow themselves to be divided. Hammond said in the interview Britain had not taken a firm position yet on what form of immigration controls it wants. "But we are aware that the message from the referendum is that we must control our immigration policy," he added.

With the growth of e-commerce and m-commerce, the company is putting greater focus on these channels, with efforts being made to improve site speed, and having richer content. Abercrombie & Fitch is also aggressively pursuing the optimization of its store count. For FY 2016 (ended January 2017), the company expects to close 50 stores in the US through natural lease expirations. The company also stated that approximately 50% of its 745 stores in the US are up for renewal over the next 18 months, giving the management the opportunity to continue with the store reductions. Over the last six years, the company has shuttered 350 stores, allowing it to cut costs and free up cash. The DTC business of ANF is its only channel showing growth in the financial year.

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The investments made by the company in mobile are paying off, with a nearly a 50% increase in sales from orders placed on mobile phones in the third quarter. After a successful roll-out of buy online, pickup in store, first in the UK, and then in the US, earlier in the year, the service was rolled out in Canada recently. This feature continues to be popular, accounting for over 5% of all online orders.

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