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American Eagle Q1 profit down but tops Street; to build new DC
Pittsburgh -- American Eagle Outfitters Inc. earned $28 million in its first quarter, down from $39.7 million in the same quarter last year, as cooler weather hurt demand for its spring fashions and some special charges cut into its results. But the retailer still beat market expectations.
In related news, American Eagle Outfitters will invest more than $160 million to construct a new direct-to-consumer distribution center in Hazle Township, Pa.
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Uncle Julio’s to make Pennsylvania debut at Plymouth Meeting Mall
Philadelphia -- Tex-Mex family restaurant operator Uncle Julio’s will join Plymouth Meeting Mall in late 2013, according to mall owner Pennsylvania Real Estate Investment Trust (PREIT), based in Philadelphia.
The 9,300-sq.-ft. location will be the first in Pennsylvania, and marks the completion of The Plaza Shops extension, which is anchored by Whole Foods and includes Massage Envy, Coldwater Creek, Loft, Chico’s, Olly Shoes, Orvis, and Jos. A. Bank.