The highly anticipated physical arrival of American Eagle and Aerie brands in the UK has ended in disappointment. The US fashion brands were due to debut in London’s Carnaby shopping district in early December.
Gap Inc on Thursday forecast 2022 earnings above estimates, betting on strong demand for its Old Navy and Athleta clothing brands as Americans return to offices and social events thanks to declining Omicron cases.
American Eagle Outfitters Inc on Wednesday forecast a decline in earnings for the first half of 2022 as freight expenses surge and benefits from federal stimulus fade, sending its shares down 8% in extended trading.
American Eagle Outfitters on Tuesday signaled its revenue growth in the holiday quarter was hampered by supply chain snarls and disruptions caused by the Omicron surge, sending its shares down 2% in premarket trading.
Shares of Nordstrom Inc and Gap Inc slumped more than 20% on Wednesday as warnings of product shortages during the crucial holiday season raised fears that the retailers were losing out to better-prepared competitors.
American Eagle Outfitters said on Tuesday its inventory levels jumped ahead of the holiday season as it spent more on freight to overcome supply-chain disruptions, after posting better-than-expected quarterly results.
A big capture for Shaftesbury. The London-centric property giant has signed well-known US sister brands American Eagle and Aerie to make their UK store debuts, both taking spaces at its key Carnaby shopping attraction.