American Eagle holiday-quarter forecast below estimates on higher markdowns
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(Reuters) - American Eagle Outfitters Inc forecast holiday-quarter profit and comparable sales below market estimates on Wednesday, as weaker demand pressures the retailer into offering higher discounts on its flagship AE brand, sending its shares down about 10%.The company has been heavily discounting its merchandise to entice shoppers during the all-important holiday season, a key period for retailers, amid intense competition from rival retailers and off-price outlets."Softer demand in..