Business
fromBoston.com
3 months agoAmerican Eagle Outfitters to close Devens distribution facility, cutting 103 jobs
American Eagle Outfitters will close its Devens distribution center, laying off 103 workers beginning April 12.
Apparel retailer American Eagle Outfitters ( NYSE:AEO) garnered some criticism earlier this year, and AEO stockholders have been on a roller-coaster ride. Yet, the company's loyal investors might choose to stay the course in anticipation of a share-price rebound. Along with all of that, it appears that American Eagle Outfitters stock got caught up in the summertime meme-stock frenzy. Consequently, a return to $25 looks like a real possibility.