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Mixed bag for fashion-apparel giants from Americas in Q3 2023

25 Dec '23
6 min read
Pic: JHVEPhoto - stock.adobe.com
Pic: JHVEPhoto - stock.adobe.com

Insights

  • In the third quarter of FY23, five apparel and fashion companies revealed mixed financial results.
  • American Eagle Outfitters, Arezzo, and Ross Stores reported growth in sales and profits, whereas Macy's and Dillard's experienced declines.
  • The companies' outcomes varied from record revenues and improved profit margins to downturns in sales and net income.

American Eagle Outfitters (NYSE: AEO)

American Eagle Outfitters Inc is a leading global specialty retailer offering high-quality, on-trend clothing, accessories and personal care products at affordable prices under its brands—American Eagle and Aerie. The Pittsburgh-headquartered company announced its third quarter financial results on November **, in which it reported strong operating profit and updated annual outlook that reflected an improved demand and profit improvement initiatives.

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