Reported 1 day ago
Lululemon, Abercrombie & Fitch, and American Eagle have raised their holiday-quarter sales forecasts due to robust demand for discounted apparel, despite some pressure on profit margins. The holiday shopping season saw significant discounts, particularly in the apparel category, with retailers like Target and Amazon offering early deals to attract cost-conscious shoppers. While Lululemon and American Eagle's stock prices rose after updating their profit forecasts, Macy's continues to face challenges in generating demand, reflecting mixed consumer sentiment towards holiday shopping.
Source: YAHOO