Home Videos Photos Shop
PerezHilton CocoPerez Ryan Phillippe Fergie Taylor Demi Lovato PerezTV

American Eagle To Close Some Stores

| Filed under: Business Blitz

ap060514034903_e__opte.jpg

Bad news for American Eagle.

The company is set to close 50 to 100 stores over the new few years.

Currently they have 934 stores open. And that’s after closing 20 of their stores already over the past year.

Turns out their latest earnings report show a loss of 66%.

Ouch!

And to cut loses, they’re also planning on closing its Martin + Osa division.

While American Eagle is hoping that closing those stores will increase their profits, many will soon be out of their jobs.

Are U an American Eagle shopper? Let's hope they don't close a store near U.

[Image via AP Images.]

Tags: , , ,

Celebrity Hot Spots Around The World!
The Biggest Kardashian/Jenner Business Fails!
Most Viral Movie Trailers Of All Time!
Summer Movies 2017 -- Winners & Losers!
Celebrities Who've Been Dropped By Major Brands & Retailers
Celebrities Who Love Prostitutes!

Comments are closed.