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Gap, American Eagle fall as brand troubles weaken annual forecasts
The results underscore a widening split in consumer spending, with record-low sentiment driven by the Iran war forcing lower-income households to cut back, even as higher-income shoppers remain selectively willing to spend.
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cnbc.com
American Eagle's Aerie is booming, but its namesake brand is lagging despite Sydney Sweeney ads
American Eagle beat Wall Street's expectations but sales at its namesake banner fell short of estimates after its latest Sydney Sweeney campaign.
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Gap shares tumble 13% as retailer cuts sales guidance after disappointing Old Navy performance
Gap issued mixed results as sales at its largest brand, Old Navy, fell short of estimates.
