American Eagle on Tuesday said it is writing off $75 million in spring and summer merchandise and withdrawing its full-year guidance as it contends with slow sales, steep discounting and an uncertain economy.

American Eagle cited macro uncertainty as it pulled it 2025 financial guidance as it reviews future plans. Schottenstein said American Eagle is in a better position for the second quarter, with inventory more aligned to sales trends.

Global speciality retailer American Eagle Outfitters (AEO) has withdrawn its financial guidance for fiscal year 2025 (FY25), citing prevailing macroeconomic uncertainties and the need for management to reassess future strategies in light of recent first-quarter (Q1) outcomes.