Despite Betting on Aerie, American Eagle’s Margins Decline on Markdowns
Besides ecommerce, retailer is contending with shifting spending habits
American Eagle's progress hit a snag in third quarter, as gross margin took a hit from higher markdowns.
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American Eagle is betting its future on the rollout of the Aerie lifestyle brand and as a leader on inclusivity, but the retailer’s progress hit a snag in the third quarter as both gross profit and operating income fell, according to the company’s quarterly earnings report.
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