Burgeoning collections, not enough inclusivity, over-reliance on promotions: the US lingerie label has its work cut out to refashion its range and shine again, according to a study by marketing metrics firm Retviews.
The US fashion retailer reported mixed fourth-quarter results on Wednesday, posting higher-than-expected earnings, while, despite strong growth at its Aerie brand, revenues came in under Wall Street estimates.
American Eagle Outfitters will open 25 stores across India in the coming three years with six to nine store openings planned by the end of 2018. Upcoming locations include Hyderabad, Chennai, Pune, Mumbai, and Delhi.
American Eagle Outfitters Inc forecast third-quarter profit below expectations on Wednesday, as the retailer spends more on wages and advertising to support the expansion of its popular Aerie line of lingerie.