The parent company of Ann Taylor, Lane Bryant and other apparel brands is expecting a bigger-than-expected loss in its second quarter, weighed down by sluggish sales in its kids’ and plus-fashion businesses.
Despite strong back-to-school and fall seasons that helped American Eagle Outfitters hit its first $1 billion third quarter, the company is hedging its bets for the upcoming fourth quarter.
The parent company of such brands as Ann Taylor, Lane Bryant and Dressbarn started its fiscal year on a high note, fueled by strong sales at Ann Taylor, Loft and Justice.
Lululemon Athletica Inc. reported earnings and sales that beat expectations amid ongoing growth in its men’s division, but offered a fourth-quarter outlook that was disappointing to investors.