The American apparel chain has returned to the Manhattan retail neighbourhood for the first time since 2017.

Revenues totalled 227 million euros ($244.5 million), below analyst expectations of 237 million euros according a LSEG consensus.

Researchers have expressed concerned that AI-generated content could be used as misinformation in an attempt to interfere with US elections this fall.

Sticky inflation has forced shoppers in various categories to trade down to more affordable products.

The company’s net sales came in at $1.48 billion in the quarter ended March 30, compared to analysts’ average estimate of $1.50 billion, according to LSEG data.

The company’s main growth driver was its continued store openings, with eight new locations during the quarter and a total of 40 anticipated for 2024.