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Another apparel-oriented retailer with Idaho locations is announcing store closures in the endless horror of the brick-and-mortar retail apocalypse. A list of stores headed to the gallows is not yet available.
American Eagle Outfitters, which operates around 1,000 American Eagle clothing and footwear stores and approximately 150 Aerie lingerie stores, announced it plans to close 40 to 50 stores in the short term at its second-quarter earnings call on Sept. 9, whose transcript was posted to the Seeking Alpha financial information website.
In the next year and a half, hundreds more stores in the chain will be reviewed for possible closure.
During the earnings call, CFO Mike Mathias shared that:...