- Execs with American Eagle Outfitters (AEO -4%) took a defensive position during the firm's earnings call this morning following a lackluster Q3 report and tame outlook for Q4.
- No doubt about it, the retailer expects 2014 to be challenging. Costs and capex spending will be adjusted accordingly with a goal of seeing AEO become more efficient. New factory materials could also play a factor.
- Reading between the lines, it doesn't sound like management expects pricing to improve as consumers become even more entrenched with buying through promotions.
- What about teens? Technology is changing some of the dynamics of selling to younger consumers, say execs. Alternative approaches to driving traffic are being explored.
- Earnings call webcast.
Heard during American Eagle Outfitters' earnings call
Dec 6 2013, 09:43 ET