Retail

American Eagle Outfitters CEO sees ‘Roaring 20s’-like boom post-pandemic

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American Eagle Outfitters CEO Jay Schottenstein said Thursday that the U.S. shopping mall “is not dead” and that the decade is shaping up to be a boon for business.

The apparel retailer anticipates extending its double-digit comparable sales growth streak to 27 quarters and retaining its position as a leader in denim, Schottenstein said in a CNBC appearance.

“We’re very excited, you know, about the future of the mall,” he said in a conversation with Jim Cramer on “Mad Money,” “and we think that when things get better and the pandemic goes away … we can be looking at the ‘Roaring 20s’.”

Schottenstein is one of many hopeful figureheads who predict the current decade will mirror the growth…



Source cnbc.com

Hometown International, NJ deli owner, worth millions in stock

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