Dive Brief:
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American Eagle Outfitters posted better-than-expected Q2 results despite its reliance on denim jeans that seem to be falling out of favor, the company said Wednesday.
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Q2 same-store sales fell 7%, similar to the same period last year, something the company said will likely remain into Q3.
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The teen apparel retailer continues its search for a CEO, but has been successful in cleaning out its inventory, changing up its merchandising, closing stores, and making improvements to e-commerce, the company said.
Dive Insight:
American Eagle is keeping expectations real but also staying steady. The company, like teen apparel rival Aeropostale, is also changing up its merchandise to better meet current fashion trends. It remains to be seen whether the improved outlook will last beyond the back-to-school season, but things do seem to be turning around for teen-focused retailers.