American Eagle Outfitters Inc. came close to meeting fourth-quarter projections, but warned the first quarter would be disappointing to Wall Street, pushing shares of the specialty retailer down 10.1 percent to $20.27 in trading today.
American Eagle’s fourth-quarter profits jumped 84.8 percent to $94.8 million, or 47 cents a diluted share, from $51.3 million, or 26 cents, a year earlier. The most-recent quarter benefited from an extra week versus the year-ago period.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)