American Eagle Outfitters Inc forecast holiday-quarter earnings below Wall Street estimates on Wednesday, as weaker demand for its flagship AE brand forced the retailer to sell merchandise at higher discounts, sending its shares down about 10per cent.
An Omani man passes in front of an American fashion brand, American Eagle Outfitters in City Center Mall in Muscat, Oman, February 11, 2019. REUTERS/Hamad I Mohammed