American Eagle CEO issues stern warning about customer behavior
The mall retailer is sounding the alarm on a startling consumer trend.
American Eagle Outfitters (AEO) , which owns clothing brands American Eagle and Aerie, is struggling with a dip in consumer demand, just like many other retailers across the country. However, the company’s CEO is flagging the source of the problem.
In American Eagle Outfitters’ fourth-quarter earnings report for 2024, it revealed that during the holiday season last year, its total comparable sales increased by 3% year-over-year. Specifically, comparable sales for Aerie increased by 4% and American Eagle’s grew by only 1%.
