American Eagle Outfitters will focus on growing its Aerie brand of lingerie, activewear and swimwear, which the company says has the potential to hit $2 billion in revenue by 2023. The retailer will shutter up to 250 of its mostly mall-based namesake stores and grow Aerie from about 350 to as many as 600 stores over the next few years.
American Eagle to put more eggs in Aerie's basket
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