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American Eagle Guides Q1 Sales to Over $1B Due to Pent-up Demand

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Consumers are ready to shop, and pent-up demand for apparel such as core denim and intimates has American Eagle Outfitters Inc. updating first quarter expectations to over $1 billion in sales. The teen retailer on Wednesday said “business is exceeding expectations” for the first quarter. “Demand has accelerated across the American Eagle and Aerie brands,…

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