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Lorraine Hutchinson of Bank of America Merrill Lynch asks about $AEO's inventory and avg. costs. CFO Scott Hurd said it is a mix shift. On a like-for-like basis, avg. unit costs are down due to a favorable sourcing environment and it is solely driven by mix.
You are such a letdown $FII. I regret not selling you when you were nearing $33. Now I am stuck with you, you are stuck with me!
Can you imagine a food store with no cash registers? Well, it is coming true soon thanks to $AMZN. The company is opening its new grocery store in Seattle and it has no cash registers. AI takes over!