
American Eagle Outfitters Inc on Wednesday forecast first-quarter revenue of more than $1 billion as strong demand helped the apparel retailer sell more products of its eponymous and Aerie labels at full price.
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American Eagle Outfitters Inc on Wednesday forecast first-quarter revenue of more than $1 billion as strong demand helped the apparel retailer sell more products of its eponymous and Aerie labels at full price.
American Eagle Outfitters said it expects current-quarter revenue and operating income to surpass last two years’ numbers, betting on high-growth brand Aerie that sells work-from-home favorites lingerie and loungewear.
The fashion retailer has revealed a new long-term growth strategy that aims to transform its Aerie brand into a $2 billion business over the next two to three years, while also reorganizing its brick-and-mortar network.
In her new role at the company, which continued to see a boost in online sales in the second quarter, Foyle will now be responsible for overseeing merchandising, design and marketing for the American Eagle brand.
The parent company of the American Eagle and Aerie brands has named Mike Mathias executive vice president and chief financial officer, effective immediately.
American Eagle Outfitters posted record Q4 sales of $1.31 billion on Wednesday, as its Aerie lingerie brand continued to experience strong growth. Profits, on the other hand, suffered from higher expenses and markdowns.
American Eagle Outfitters forecast holiday-quarter profit and comparable sales below market expectations on Wednesday, as the apparel retailer ramps up promotions to counter sluggish demand for its flagship AE brand.
The apparel retailer announced a series of new sustainability goals on Thursday, including a pledge to be carbon neutral by 2030, as well as plans for water reduction and increased use of sustainable raw materials.
The US fashion retailer reported mixed fourth-quarter results on Wednesday, posting higher-than-expected earnings, while, despite strong growth at its Aerie brand, revenues came in under Wall Street estimates.
American Eagle Outfitters, Inc. is planning to expand its American Eagle and Aerie brands throughout Europe, signing a multi-year license agreement with AEO EU, a partnership of European brand builders led by Sunil Shah.