American Eagle Outfitters (NASDAQ:AEOS)
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From Jul 2019 to Jul 2024
American Eagle Outfitters, Inc. (NASDAQ:AEOS) today announced that it
will open at least 15 stand-alone stores in 2007 for its new intimates
apparel sub-brand, aerie by American Eagle.
American Eagle launched the aerie sub-brand in September 2006,
featuring a new collection of intimates and dorm-wear for the 15 to 25
year-old AE girl, which includes undies, bras, camis, hoodies, robes,
boxers, sweats, bras and leggings. The collection is offered in all
American Eagle stores, including 18 side-by-side stores and on ae.com.
The company also tested three aerie stand-alone locations and is
now expanding its real estate strategy for the brand based on positive
results.
“Customers have responded very
enthusiastically to the aerie brand in our American Eagle stores,
side-by-side locations and our three stand-alone test stores. We see an
exciting growth opportunity in the intimate apparel market and based on
our success and strength in this category, we are accelerating our real
estate expansion plans for aerie,”
stated Jim O’Donnell, Chief Executive Officer.
Susan McGalla, President and Chief Merchandising Officer, commented, “We
are thrilled by the strong customer reaction to aerie. She likes
the comfortable, cozy and sweetly-sexy feeling of aerie and its
unique lifestyle expression, which is true to the AE brand, and clearly
differentiated. As we look ahead, we are excited about stepping up our
growth plans for aerie. We see opportunities to build the brand
further by expanding and evolving the collection, including
complementary businesses such as accessories and personal care.”
About American Eagle Outfitters:
American Eagle Outfitters (Nasdaq:AEOS) is a leading retailer that
designs, markets and sells its own brand of laidback, current clothing
targeting 15 to 25 year-olds, providing high-quality merchandise at
affordable prices. AE's original collection includes standards like
jeans and graphic Ts as well as essentials like accessories, outerwear,
footwear, basics and swimwear. American Eagle Outfitters currently
operates 836 stores in 50 states, the District of Columbia and Puerto
Rico, and 72 AE stores in Canada. AE also operates ae.com,
which offers additional sizes and styles of favorite AE merchandise and
ships around the world. The company launched a new collection of
dormwear and intimates. “aerie by
American Eagle” is now available in American
Eagle stores across the country and at aerie.com.
It includes bras, undies, camis, hoodies, robes, boxers, sweats and
leggings for the AE girl. Designed to be sweetly sexy, comfortable and
cozy, aerie offers AE customers a new way to express their
personal style everyday, from the dormroom to the coffee shop to the
classroom. The company also introduced MARTIN + OSA, a new sportswear
concept targeting 25 to 40 year-old women and men. MARTIN + OSA carries
apparel, accessories and footwear, using denim and sport inspiration to
design fun and sport back into sportswear. MARTIN + OSA currently
operates five stores. For additional information and updates, visit martinandosa.com.
“Safe Harbor”
Statement under the Private Securities Litigation Reform Act of 1995:
This release contains forward-looking statements, which represent our
expectations or beliefs concerning future events, specifically regarding
the growth and success of our intimates sub-brand aerie by
American Eagle and our store opening plans. All forward-looking
statements made by the company involve material risks and uncertainties
and are subject to change based on factors beyond the company's control.
Such factors include, but are not limited to the risk that our store
opening and growth plans may not occur as planned and those other risks
described in the Risk Factor Section of the company’s
Form 10-K and Form 10-Q’s filed with the
Securities and Exchange Commission. Accordingly, the company's future
performance and financial results may differ materially from those
expressed or implied in any such forward-looking statements. The company
does not undertake to publicly update or revise its forward-looking
statements even if future changes make it clear that projected results
expressed or implied will not be realized.