Business > Foreign Business
American Eagle Outfitters lowers sales target on muted holiday expectations
Competition has heated up in the apparel space as companies vie for frugal, discerning shoppers with a focus on fresh styles and nifty marketing. Still, a holiday shopping season marked by high promotions has forced most retailers to be cautious about their expectations.
'Key selling periods have seen a positive customer response, yet we remain cognizant of potential choppiness during nonpeak periods,' said American Eagle's CEO Jay Schottenstein.

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