Why American Eagle Outfitters Shares Rose 19% in June
American Eagle Outfitters (NYSE: AEO) shares climbed 19% in June, according to data provided by S&P Global Market Intelligence, after the clothing retailer reported double-digit gains in digital demand in the first quarter.
American Eagle said overall digital demand, which the company measures by ordered sales, rose 33%. Digital demand surged 75% for the company's high-growth Aerie brand. This was as American Eagle, like other retailers, temporarily shut stores throughout the country as the coronavirus outbreak deepened.
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Source Fool.com
