American Eagle reported first quarter sales rise of 5% to $640 million but earnings declined to $43.9 million or 21 cents per share. Comparable sales in the quarter fell 6% from a year ago when they by the same amount. In fiscal 2008, the company plans to open approximately 40 AE stores, 80 aerie stores and 11 MARTIN + OSA stores and remodel 40 to 50 AE stores.
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