American Eagle Outfitters (AEO) To Close Martin + Osa

American Eagle Outfitters (NYSE: AEO) announced on Tuesday that it will close the Martin + Osa concept.

The decision comes after the company concluded that the brand was not achieving the performance levels it needs attract further investment. The company said that it will focus more on the aerie, and 77kids brands.

According to Brian Sozzi, analyst at Wall Street Strategies, Inc., the company would be better served if it nurtured the core American Eagle brand, and further developed 77kids both online and in malls.