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December 2, 2008 9:51:41 PM CST


American Eagle

American Eagle news stories

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Wal-Mart Leads Feb. Retail Rally

Overall sales jump doubles expectations, calms consumer spending fears

(Newser) - Big retailers showed unexpected signs of life in February, beating weak sales predictions to inject some hope into the market. Wal-Mart led the way, posting a 2.6% same-store increase, beating its own predictions of flat-to-2% growth. Overall, same-store sales climbed 1.9%, with more than half of retailers beating predictions, the Wall Street Journal reports. More »

CEO Reveals Victoria's Secret: It's 'Too Sexy'

Brand hopes to regain its stylish, sophisticated image

(Newser) - Victoria’s Secret has become “too sexy,” the chain’s CEO said today, explaining that she wants to bring higher-quality and sophisticated products back to the stores, the Wall Street Journal reports. "We use the word 'sexy' a lot and have gotten off 'ultra-feminine,'" she said. She blamed the shift away from stylish but practical partly on the success of the Pink brand—aimed at college students. More »

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