American Eagle Outfitters raised its annual comparable sales forecast on Tuesday, betting on marketing-driven demand for its apparel and accessories during the holiday season, sending its shares up about 15% after the bell.
Marketing campaigns and newer collections of clothing, along with a focus on high-earning consumers, have helped the company offset losses from the broader retail slowdown and budget-conscious consumers pulling back on discretionary spending amid inflationary prices and trade-policy-driven uncertainty.
The company has been trying to boost demand through its marketing initiatives, including the "Great Jeans" denim campaign with actress Sydney Sweeney, a tie-up with NFL player Travis Kelce's clothing brand Tru Kolors, and partnerships with tennis player Coco Gau

Fashion Network business

America News
CNBC Investing
Fast Company Technology
Rutland Herald
WOWT Crime
Asheville Citizen Times
Reuters US Business
NewsNation Immigration