PITTSBURGH, United States — American Eagle Outfitters saw earnings tumble 86 percent in the first quarter on huge mark downs intended to generate foot traffic. The teen retailer said that it would close 150 stores over the next three years.
NEW YORK, United States — Teens don’t shop the way they used to. Where young consumers with spare cash once thronged the likes of Abercrombie & Fitch Co. and American Eagle Outfitters Inc. for clothing that telegraphed their identities, the new generation is poorer, shuns logos and socializes more on the Internet than at the mall.
NEW YORK, United States — Abercrombie & Fitch Co, Aeropostale Inc and American Eagle Outfitters Inc have fallen out of fashion with fickle U.S. teen shoppers and aren't likely to win back their business anytime soon.
NEW YORK, United States — U.S. retailers reported higher sales for July, but they relied heavily on discounts to lure cost-conscious shoppers who have remained frugal so far during the crucial back-to-school season.
La Mode Berlin (WSJ) “The city’s edgy, sexy vibe was evident on Wednesday as German designers kicked off Mercedes-Benz Berlin Fashion Week, which runs through Saturday. Getting on the world’s fashion map isn’t easy, but Berlin is trying.” American Eagle Promotes Apparel With Free Phones (WSJ) “Teen retailers in particular have struggled against gadget makers for control of younger buyers’
IT Holding’s Ittierre Unit to File for Bankruptcy (Bloomberg) Ittierre, the parent company of Malo and Ferré files for Bankruptcy Discounting drives January sales (Drapers) In the UK, deep discounts drove January sales but clothing sales dropped to its lowest rate. Phoebe Philo is redefining soul of Céline (IHT) With Phoebe Philo at the helm, “the focus is to redefine the soul of Céline, which started out as a