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American Eagle Outfitters - 1 American Eagle Outfitters Inc - 1 Wall - 1 LSEG - 1 Eagle - 1 Finance - 1 CNBC - 1 Federal Reserve - 1

Search resuls for: "American Eagle Outfitters Inc"


7 mentions found


☆ American Eagle profit soars, but sales grow slower than expected
  + stars: | 2024-05-29 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +4 min
An American Eagle Outfitters store in New York, US, on Monday, May 27, 2024. American Eagle Outfitters Inc. is scheduled to release earnings figures on May 29. American Eagle on Wednesday said it's making gains in boosting profitability as it works to improve its product assortment and tweak operations. During the fiscal first quarter, American Eagle grew its gross margin by 2.4 percentage points. It recently implemented a new store design for American Eagle, which is "outpacing the balance of the chain," said Foyle.
Persons: it's, Mike Mathias, Jennifer Foyle, Foyle, we've Organizations: American Eagle Outfitters, American Eagle Outfitters Inc, Wall, LSEG, Eagle, Finance, CNBC, Federal Reserve Locations: New York
☆ Apparel Retailers Turn to Chips to Track Merchandise in Stores
  + stars: | 2023-03-29 | by ( Liz Young | ) www.wsj.com   time to read: 1 min
Department-store chain Nordstrom is among the retailers expanding the use of RFID technology. Apparel retailers are taking their inventory-management systems to the sales floor as they look to track individual items more closely through busy environments and fulfill more online orders through stores. Apparel sellers American Eagle Outfitters Inc., Victoria’s Secret & Co. and Nordstrom Inc. are among merchants expanding their use of a new generation of radio frequency identification, or RFID, chips to close an information gap in supply chains that grows as consumers try on and move merchandise around a store.
☆ Shopify Bulks Up Online Fulfillment Logistics Services
  + stars: | 2023-02-09 | by ( Liz Young | ) www.wsj.com   time to read: +3 min
Shopify Inc. is stepping up its logistics and fulfillment services as it expands efforts to help merchants compete with Amazon.com Inc. The challenges for small retailers in competing for sales are “almost always logistics and fulfillment,” said Aaron Brown, chief executive of Shopify Logistics. Shopify faces challenges, he said, in pushing into logistics services. Other companies, including retailers, have been seeking to market logistics services to other retailers, echoing Amazon’s warehousing and delivery operations through its Fulfillment by Amazon division. Apparel retailers American Eagle Outfitters Inc. and Gap Inc. offer fulfillment services to other merchants through their networks while Target Corp. and Walmart Inc. allow businesses to use their local same-day delivery services.
☆ Abercrombie, American Eagle signal upbeat holiday-quarter sales
  + stars: | 2023-01-09 | by ( Deborah Mary Sophia | ) www.reuters.com   time to read: +2 min
Jan 9 (Reuters) - Abercrombie & Fitch Co (ANF.N) and American Eagle Outfitters Inc (AEO.N) issued upbeat holiday-quarter sales forecasts on Monday as consumers snapped up their winter wear during the peak shopping season. Shares of Abercrombie, which owns the Hollister label, jumped more than 9%, while American Eagle climbed about 3%. It projected fourth-quarter operating margin between 6% and 8%, up from a range of 5% to 7% estimated previously. American Eagle also said its fourth-quarter revenue and profit margins were tracking at the high end of its forecasts, benefiting from its decision to right-size inventory and a better-than-expected performance at its American Eagle label. Last week, department store chain Macy's Inc (M.N) projected holiday-quarter sales toward the lower end of its previous forecast.
☆ Lululemon Athletica sees margin squeeze in holiday quarter; shares slump
  + stars: | 2023-01-09 | by ( Granth Vanaik | ) www.reuters.com   time to read: +2 min
Jan 9 (Reuters) - Lululemon Athletica Inc (LULU.O) forecast a decline in holiday-quarter gross margins on Monday as the apparel maker discounts more and grapples with higher costs, sending its shares down more than 9%. Lululemon said it expects gross margin to decline 90-110 basis points in the fourth quarter, compared with its previous expectation of an increase of 10-20 basis points. The company, however, raised its fourth-quarter net revenue forecast to between $2.66 billion and $2.70 billion, from its previous range of $2.61 billion to $2.66 billion. It also tightened its outlook for fourth-quarter earnings per share to between $4.22 and $4.27, compared with its prior forecast of $4.20 to $4.30. Reporting by Granth Vanaik in Bengaluru; Editing by Shailesh Kuber, Saumyadeb Chakrabarty and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
☆ Abercrombie & Fitch lifts holiday-quarter sales forecast
  + stars: | 2023-01-09 | by ( ) www.reuters.com   time to read: +1 min
Jan 9 (Reuters) - Abercrombie & Fitch Co (ANF.N) raised its holiday-quarter sales forecast on Monday on strong demand for its brands during the peak holiday selling period, sending shares about 3% higher before the bell. The Ohio-based apparel retailer said it now expects net sales to rise between 1% and 2% in the fourth quarter, compared with its prior forecast for a 2% to 4% fall. Abercrombie noted an improvement in overall sales from the third quarter, but said sales at its Hollister brand were still expected to remain below 2021 levels in the holiday quarter. The company projected fourth-quarter operating margin between 6% and 8%, up from a range of 5% to 7% estimated previously. Meanwhile, yoga wear maker Lululemon Athletica Inc (LULU.O) lowered its expectations for fourth-quarter gross margins, sending shares down more than 12% in premarket trade.
☆ Quiet Platforms Pushes Toward Full Next-Day Delivery With New Fulfillment Centers
  + stars: | 2022-12-22 | by ( Liz Young | ) www.wsj.com   time to read: +3 min
Quiet Platforms, the logistics subsidiary of apparel retailer American Eagle Outfitters Inc., is planning to open warehouses in dozens of markets across the U.S. as it works to offer next-day delivery nationally within three years. The warehouses will serve the retailers using Quiet Platforms’ supply-chain network, which include sports goods retailer Fanatics Inc., shoe brand Steve Madden Ltd. and discount outlet Saks Off Fifth. Shekar Natarajan, president of Quiet Platforms Photo: Brittainy Newman/Associated PressThe company already has nine distribution centers in seven markets, but the new sites will likely include smaller facilities close to population centers and dedicated to specific tasks such as sorting packages or consolidating goods, said Shekar Natarajan, president of Quiet Platforms. He said Quiet Platforms currently delivers about 70% of packages next day and around 38% on the same day. “Everyone in retail says we want to be in the right place at the right time with the right quantities,” Mr. Natarajan said.
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