Several apparel retailers including Lululemon, Abercrombie & Fitch and American Eagle received a holiday-quarter sales lift on resilient demand from cost-conscious shoppers but heavy discounting raised fears of a margin hit at some firms. Retailers like Amazon and Target discounted their wares both early and at steep levels for the holiday season as they tried…
FILE PHOTO: American Eagle signage is seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. REUTERS/Andrew Kelly/File Photo American Eagle Outfitters cut its target for annual comparable sales growth on Wednesday, in signs that apparel demand could be erratic during the critical holiday season, sending…
American Eagle Outfitters (AEO) has filed a lawsuit against e-commerce giant Amazon, accusing the company of infringing on its Aerie and Offline by Aerie trademarks. The lawsuit, filed this week in Manhattan federal court, alleges that Amazon deliberately misled shoppers by using Aerie branding in sponsored ads and search results to direct customers to counterfeit…
Abercrombie & Fitch’s and American Eagle Outfitters’ upbeat third-quarter results and annual forecasts were overshadowed by caution around holiday-quarter sales from several major retailers. Apparel retailer Abercrombie & Fitch’s shares, which have more than tripled this year, were down about 8%, while American Eagle slipped 17%. Days ahead of the start of the busiest selling…
