Retail in Asia

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American Eagle forecast tops estimates as teen shoppers return

Teen apparel retailer American Eagle Outfitters Inc forecast current-quarter profit above analysts’ expectations as fewer discounts drive margins and sales recover at its namesake brand after falling for the past two years.

American Eagle, unlike rivals Aeropostale Inc and Abercrombie & Fitch Co, has focused on offering fewer discounts and controlling inventories to boost margins.

The company has also moved away from logo-centric merchandise and has been offering trendier clothing to attract teen shoppers.

(Source: CNBC)