American Eagle sees $35-$50 million loss from kids brand exit

American Eagle Outfitters Inc said it expects to incur an after-tax loss of $35 million to $50 million related to the disposal of its children's brand, 77kids. Photo: American EagleThe apparel retailer had said in May it was exploring options, including an effort to sell the money-losing chain, which includes 22 stores and an online business. The loss would include $25 million to $38 million in charges related to the closing and $10 million to $12 million in operational costs during the exit

Read more ...