NEW YORK — Weak mall traffic and promotional pressures pushed American Eagle Outfitters’ third-quarter profits down 11.7 percent.
The Warrendale, Pa.-based specialty retailer said for the three months ended Nov. 2, net income was knocked down to $27.1 million, or 37 cents a diluted share, from $30.7 million, or 42 cents, in the same quarter last year. Earnings exceeded AE’s and Wall Street’s already lowered guidance.
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)