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.
Don’t be fooled: There is still plenty of life left in physical retail — and not just in the short term. The industry is ripe with new formats and concepts.
There were signs in the fourth quarter that Abercrombie & Fitch Co.’s turnaround is taking hold as the chain’s namesake brand ended its five-year same-store sales losing streak.
The 340,000-sq.-ft. project that promises to be New York City’s first and only outlet center when it opens in 2018 is 70% leased, according to developer BFC Partners.