Gap Inc. reported second quarter sales and earnings that beat the Street, but its namesake division didn’t benefit from the overall positive retail climate.
A big increase in digital sales and increased demand for its Aerie brand helped American Eagle Outfitters end the year on a strong note, with the chain reporting its 12th straight quarter of same-store sales growth.
American Eagle Outfitters on Wednesday posted its 11th straight quarter of same-store sales growth, fueled by a strong performance from its Aerie brand, and forecast strong earnings for the holiday season.