US EditionThe Stocks of Millennial Retailers Like American Eagle and Abercrombie & Fitch Are so Hot Right Now
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The stocks of millennial retailers like American Eagle and Abercrombie & Fitch are so hot right now
An American Eagle storefront in 2004.Tim Boyle/Getty ImagesOn Wednesday, American Eagle was the latest nostalgic millennial retailer to report strong earnings.The resulting stock spike was reminiscent of recent gains for Abercrombie & Fitch and Urban Outfitters.There are two main reasons why this group is suddenly outperforming.The year is 2001. You just saw "Ocean's Eleven" for the third time in theaters, and you're headed to the mall to peruse…
The titles of American Eagle (AE), which are listed in the NYSE, were shot Wednesday after the retailer of clothing, accessories and personal care products raised its sales forecasts for 2025 driven by marketing and higher sales during the Christmas season.AE's shares closed at $23.97, an increase of 15 percent. Its market value is $3.55 billion, according to data from Companies Market Cap. Successful marketing campaigns have helped the company …
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