“Fashion changes, but style endures,” or so the clothing designer Coco Chanel once said. As American Eagle Outfitters and Urban Outfitters reaffirm their place in the former category, investors should reconsider the value they assign to the teen retailers. American Eagle beat analyst expectations for its second-quarter earnings Wednesday as same-store sales climbed 3%. Yet its shares fell. Meanwhile, shares of Urban Outfitters, which...

Source: Wall Street Journal August 17, 2016 18:56 UTC