Can Store Closures Save American Eagle & Its Mall Companions
Zacks Investment Research | Jul 04, 2017 08:39AM ET
Like most mall-based retailers, American Eagle Outfitters Inc. (NYSE:AEO) has also been going through a rough phase of late largely due to soft store and mall traffic trends, as well as stiff competition that has been plaguing the retail space. Further, a rapid shift in consumer preference toward online shopping and the growth of eCommerce giant Amazon.com Inc. (NASDAQ:AMZN) has spelt doom of many brick-and-mortar store retailers.
The cumulative impact of the aforementioned factors is quite visible in American Eagle’s stock performance, which has underperformed the broader industry in the last three months. Shares of this Pittsburgh, PA-based apparel retailer have declined 5.9%, while the Zacks categorized Zacks Investment Research
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