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lecorb

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lecorb

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Wednesday, 08/20/2014 10:55:33 AM

Wednesday, August 20, 2014 10:55:33 AM

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Despite Climate, American Eagle Boosts Openings -- Market Talk


10:32a ET August 20, 2014 (Dow Jones)
Despite Climate, American Eagle Boosts Openings -- Market Talk
10:32 EDT - American Eagle (AEO) plans to open 50-60 stores this year, 10 more than originally planned. The expansion comes despite same-store sales having fallen for 6 straight quarters by Wells Fargo's count. The investment bank is "concerned AEO has too many stores" and "is opening more stores than it's closing," worrying developments given that the competitive environment remains fierce
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