NEW YORK — Expense controls could not overcome promotional pressures and higher shipping costs, as American Eagle Outfitters’ profits dwindled in both its fourth quarter and year.
AE also indicated February sales are running below plan in about half of its 697 stores, due to cold weather, snow storms and terror alerts, but stores in warm-weather markets are generating positive comps, which could bode well for AE when temperatures rise this spring in the Northeast and Midwest.
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)