The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
American Eagle Outfitters on Monday raised its fourth-quarter revenue forecast, citing strong demand in the all important holiday season.
The multi-brand apparel retailer now expects fourth-quarter revenue to increase in the low double digits percentage range, compared to the previous outlook of a high-single digits rise.
By Annett Mary Manoj
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American Eagle Raises Annual Revenue Forecast on Strong Holiday-Season Demand
The company now expects annual revenue to be up mid single digits, compared with its prior forecast of a rise in low single digits.
The Japanese apparel chain will be launching its sister brand GU in the US later this year, targeting younger consumers with lower prices and a curated selection of trendy wares.
Canada, France and Ireland are among the countries working with home-grown fashion talent to create uniforms for their teams at this summer’s Olympic Games. For these small labels, it’s an unprecedented opportunity to capitalise on one of sports’ largest events.
The online fashion retailer plans to update China’s securities regulator on the change of the initial public offering venue and file with the London Stock Exchange as soon as this month, a person with knowledge of the matter said.
The company, under siege from Arkhouse Management Co. and Brigade Capital Management, doesn’t need the activists when it can be its own, writes Andrea Felsted.