Page 27 - Jay Schottenstein News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Share it American Eagle Outfitters executives on Thursday outlined plans for profitable growth at both its banners — the fast-growing Aerie lingerie brand, where there's a lot of room to grow, and its denim-focused American Eagle brand, where there's less. Executives seemed upbeat as they detailed lessons learned during a year dominated by a pandemic, which forced some changes in inventory management, supply chain and store operations that will be intentionally applied going forward.  At Aerie, the idea is to grab more market share, which Chief Creative Officer Jennifer Foyle, who now lea...

The lingerie and loungewear line is expected to do the lion's share of the work.

American Eagle sees fall in holiday-quarter sales, plans store closures 2 Min Read FILE PHOTO: Jeans are seen for sale in an American Eagle Outfitters retail store in Manhattan, New York, U.S., May 13, 2016. REUTERS/Mike Segar (Reuters) - American Eagle Outfitters Inc said on Thursday it would close potentially hundreds of stores over the next few years, while the coronavirus crisis forced the apparel retailer to forecast holiday-quarter revenue below estimates. Mall traffic dwindled toward the end of last year as COVID-19 cases surged, bruising sales of retailers which were hoping for a...

American Eagle Anticipates Lower than Expected Holiday-Quarter Revenue Posted on On Thursday, American Eagle Inc. (NYSE: AEO), revealed it expects fourth-quarter revenue to fall to low-single digits. Amid the lack of traffic within brick-and-mortar locations, sales have suffered throughout the ongoing Covid pandemic. The company’s shares plummeted 2.5% in premarket trading.  The forecast is below analysts’ estimated 0.14% loss, according to Refinitiv.  Nevertheless, the retailer believes online sales momentum will continue, as sales within both of its b...

Shares of the retailer gained as it reinstated its dividend and seemed to have a strong holiday season.