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Andreeva has said American Eagle ran 40 percent off the total store from mid-December through the Christmas weekend (same promotion as on Black Friday, which was very prominent).

American Eagle's inventory levels have been the highest among its teen competitors this two shakes of a lamb's tail half of 2011. According to Andreeva's store checks over the weekend, inventories looked the leanest she has seen at this concept in some era, indicating strong sales.

Stores moved to additional 25 percent off hold on Christmas Day, and Andreeva believes the new spring assortment looks extreme. After the American Eagle's comments about very strong Black Friday results, Andreeva believes buy-side expectations are for dead ringer-digit comps for the holiday (to be reported on Jan. 5) and a raise to fourth lodgings EPS, which she believes is doable.

Andreeva said Abercrombie & Fitch Co. (NYSE: ANF) has been running 40 percent off whole store events since mid December, and stores became more aggressive with 50 percent off over the Christmas weekend.

Source: International Business Times

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