Thursday, March 5, 2020

American Eagle Outfitters to accelerate Aerie growth

Chain Store Age
American Eagle Outfitters’ fourth-quarter sales and earnings beat analysts’ estimates fueled by strong demand for its Aerie intimates brand.

Aerie has been a major growth driver for the company in recent years, with its inclusive, body-positive messaging resonating with younger shoppers. American Eagle intends to build on the brand’s growing momentum. It intends to accelerate the growth of Aerie in 2020, opening 60 to 70 stores, with a heavy emphasis on stand-alone locations, executives said on the company’s quarterly earnings call with analysts. . . . more