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American Eagle Outfitters (AEO -0.5%) CEO James O'Donnell weighs in on the effect of cotton...

American Eagle Outfitters (AEO -0.5%) CEO James O'Donnell weighs in on the effect of cotton prices on his firm in an earnings CC. "Cotton prices will continue to affect merchandise profit in the fourth quarter, and it will be well into the spring season before we start to see a correction. However, we do expect to benefit from lower cotton costs beginning in the second half of 2012.
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