A major retail chain is announcing they re planning on making some store closures this year.
CNBC reports that American Eagle has announced it will be closing hundreds of its locations. Take a look at a quote from the company s CFO Mike Mathias from the article below:
Chief Financial Officer Mike Mathias said during a virtual meeting with investors that the company, which has about 880 stores, is looking to shut between 200 and 250 mostly mall-based locations in the next two to three years.
Will Ocean County stores be affected? There is no word just yet since specific locations have not been announced. But, since the quote says 250 stores are being closed out of 880, the math tells you there s about a 1 in 4 chance that Ocean County will be affected. It s also worth noting that