- American Eagle Outfitters Inc (NYSE:AEO) has launched AE77, a new artfully designed and sustainably crafted denim brand for men and women.
- The brand will debut with its first store in New York City’s SoHo neighborhood, with an e-commerce site to follow on October 15, 2021, and a second store by year-end.
- American Eagle specified that the factories making AE77 denim meet the highest water requirements, exceeding requirements for water recycling, water management, and wastewater. The company will sustainably source the cotton.
- The denim assortment ranges in price from $168-$188.
- Price Action: AEO shares are trading higher by 1.67% at $26.83 on the last check Wednesday.
89bio Q2 EPS $(1.03) Down From $(0.85) YoY
89bio (NASDAQ:ETNB) reported quarterly losses of $(1.03) per share. This is a 21.18 percent decrease over losses of $(0.85) per share from the same period last year.
