Abercrombie & Fitch, a large specialty apparel chain that caters to young adults, leases essentially all its retail stores. Often the leases are for four to six years, and often Abercrombie spends a considerable amount on leasehold improvements for each store special shelving, dressing rooms, lighting and sound equipment, and wiring. Suppose, as an alternative, Abercrombie & Fitch could buy the retail stores. Discuss why the firm would choose to lease rather than buy the retail space.