Garage Clothing Owner Rides Y2K Fashion to $5.3 Billion Fortune
Andrew Lutfy, CEO and majority owner of Groupe Dynamite, saw his net worth surge to $5.3 billion after a sharp rise in shares following the company’s 2024 IPO.
Pittsburgh, United States
Retail
American Eagle Beats Sales Estimates
The teen retailer’s total net revenue rose to $1.31 billion in the fourth quarter, in part due to the success of its inclusive intimates line Aerie.
American Eagle Beats Sales Estimates
The teen retailer’s total net revenue rose to $1.31 billion in the fourth quarter, in part due to the success of its inclusive intimates line Aerie.
Retail
American Eagle Hit by Weakened Demand
The US-based retailer saw shares drop by 7 percent amid sluggish demand and stiff competition in the retail space.
American Eagle Hit by Weakened Demand
The US-based retailer saw shares drop by 7 percent amid sluggish demand and stiff competition in the retail space.
Retail
American Eagle Shares Slump After Sluggish Sales Renew Apparel Pessimism
Same-store sales at the retailer rose only 2 percent, falling short of analyst expectations and sending shares down as much as 14 percent in New York
American Eagle Shares Slump After Sluggish Sales Renew Apparel Pessimism
Same-store sales at the retailer rose only 2 percent, falling short of analyst expectations and sending shares down as much as 14 percent in New York
Retail
American Eagle to Start Selling Cannabis-Based Products
The apparel retailer will sell CBD-infused lotions, muscle balms and aromatherapy products later this year.
American Eagle to Start Selling Cannabis-Based Products
The apparel retailer will sell CBD-infused lotions, muscle balms and aromatherapy products later this year.
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Retail
American Eagle Sales Beat Analyst Estimates
Thanks to growing demand for its jeans and body-positive lingerie line Aerie, the denim maker has beaten same-store sales estimates.
American Eagle Sales Beat Analyst Estimates
Thanks to growing demand for its jeans and body-positive lingerie line Aerie, the denim maker has beaten same-store sales estimates.
Retail
Aerie's Expansion to Hit American Eagle Profit
American Eagle Outfitters forecast third-quarter profit below expectations, as the retailer spends more on wages and advertising to support the expansion of its popular Aerie line of lingerie.
Aerie's Expansion to Hit American Eagle Profit
American Eagle Outfitters forecast third-quarter profit below expectations, as the retailer spends more on wages and advertising to support the expansion of its popular Aerie line of lingerie.
Financial Markets
American Eagle Outfitters Sees Record First-Quarter Sales
The company was boosted by strong demand for its Aerie line of lingerie.
American Eagle Outfitters Sees Record First-Quarter Sales
The company was boosted by strong demand for its Aerie line of lingerie.
Retail
American Eagle Beats Fourth Quarter Profit Forecasts
The teen clothing retailer results' exceeded Wall Street's expectations.
American Eagle Beats Fourth Quarter Profit Forecasts
The teen clothing retailer results' exceeded Wall Street's expectations.
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News & Analysis
American Eagle Meets Third Quarter Profit Forecasts
On a per-share basis, the Pittsburgh-based company said it had profit of 41 cents.
American Eagle Meets Third Quarter Profit Forecasts
On a per-share basis, the Pittsburgh-based company said it had profit of 41 cents.
News & Analysis
American Eagle to Close Stores After Weak 1Q
PITTSBURGH, United States — American Eagle Outfitters saw earnings tumble 86 percent in the first quarter on huge mark downs intended to generate
American Eagle to Close Stores After Weak 1Q
PITTSBURGH, United States — American Eagle Outfitters saw earnings tumble 86 percent in the first quarter on huge mark downs intended to generate
The News in Brief
Danone Acquires Protein Drinks Maker Huel in €1 Billion Deal
Huel, which counts actor Idris Elba and TV presenter Jonathan Ross among its investors, has agreed to be acquired by the French consumer goods group in a deal worth about $1.2 billion.
Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.