Abercrombie & Fitch Co. has taken itself off the selling block.

The teen retailer said it has ended talks regarding a potential sale and will instead continue to focus on turning around its business as a standalone business.

In May, Abercrombie announced it had started preliminary discussions with several parties regarding a potential sale. Among those reportedly interested was rival American Eagle Outfitters, which was working on a joint bid with Cerberus Capital Management, according to various reports. But in a statement on Monday, the retailer said that following a review, it has determined “that the best path to enhance value for stockholders is the rigorous execution of our business plan.”

“We believe in the prospects for our business and the opportunities for our brands,” stated Arthur Martinez, executive chairman. “We are generating solid comp store sales momentum at Hollister and continue to refine and implement…