American Eagle Outfitters CEO Expects ‘Roaring 20s’-Like Boom For Malls Post-Pandemic

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’.” Read more at CNBC.

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