American Eagle Outfitters (AEO) Ready To Take On Rivals

American Eagle Outfitters (NYSE: AEO) is ready to take on rivals after shutting down the struggling Martin + Osa chain.

The company pulled the plug on the 28 store chain on Tuesday. The struggling chain was supposed to help the company diversify outside the teen apparel market. However, it never performed at the level at which the company was expecting it to.

With Martin + Osa out of the way, the company can now focus on the teen apparel market.

Shares of American Eagle Outfitters were up by 1.15% to $18.41 at 12.43 p.m. on Thursday in New York.