American Eagle Looks to Sell Children’s Apparel Unit
American Eagle Outfitters said it would exit its children's apparel business, which had a loss in the last fiscal year. The company said it was "exploring options," including a full or partial sale of assets for the 77kids by American Eagle brand, the company said in a statement. The brand had a net loss of $24 million on sales of $40 million in the year ended Jan. 28, according to the statement. American Eagle said in a separate statement that its chief financial officer, Joan Hilson, planned to step down after more than six years at the company.