Is american eagle going out of business?

American Eagle Outfitters Inc. will keep closing stores this year and roll out a mobile-friendly website as customers do more shopping using their smartphones, executives said Tuesday. The South Side-based teen retailer is on track with a “store rationalization” plan to close 150 stores over three years, Chief Financial Officer Mary Boland told analysts at the ICR Conference in Orlando, Fla. read more

First Call Inc. had forecast that American Eagle would earn $1.26 a share, with five analysts' estimates ranging from $1.24 to $1.31, for the three months ended on Feb 1. American Eagle operates in 307 mall locations in 39 states. Shares of American Eagle fell $2.875, to $7.875. read more

Pittsburg-based company American Eagle Outfitters , which used to sell the quintessential sweatshirts of the suburban American teenager, announced Wednesday that it was going to close 150 of its more than 1,000 stores in the next three years, including 70 in 2014. read more