By  on August 6, 2013

Concerns about the back-to-school prospects of the teen sector and mall-based retailers in general drove retail stocks down Tuesday in the aftermath of American Eagle Outfitters Inc.’s sharp cut in earnings guidance.

AEO said late Monday that its quarterly earnings, originally expected to be in the range of 19 to 21 cents a diluted share, will come in at about 10 cents when the Pittsburgh-based specialty retailer reports results on Aug. 21. Revenues, it said, were down 2 percent with comparable sales down 7 percent.

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