American Eagle, Aerie expands to Europe
American Eagle Outfitters, Inc. has signed a multi-year licensing agreement to expand its American Eagle and Aerie brands across Europe after a record third quarter year in which profits increased by more than $ 1 billion. The expansion will be facilitated by AEO EU, a team led by Sunil Shah who has over 30 years of experience launching and growing brands in European markets, the company said in a statement. American Eagle's first European stores are expected to open in Ireland this summer, followed by the launch of an e-commerce site for the European Union and physical expansion into Germany, Switzerland, Austria, the Czech Republic, the United Kingdom and the Netherlands. . Jay Schottenstein, chief executive officer of American Eagle Outfitters, Inc. (NYSE: AEO) said that global expansion is a great growth opportunity for AEO Inc. and that the AEO EU team brings "in-depth knowledge of the market and strong connections that make it possible for us to create this. " the best possible brand experience for local consumers. '
In August, AEO Inc. announced it would open 50 to 80 new Aerie stores to support the growing popularity of the Body Positive brand after sales in the same store increased 27% in the second quarter. The company has also joined the group of retailers that offer clothing rentals through Style Drop. The company offers a three-part apparel plan with unlimited changes and free two-way shipping for a flat rate of $ 49.95 per month. AEO Inc. currently has more than 1,000 stores in the United States, Canada, Mexico, China and Hong Kong and ships to 81 countries around the world through its websites. American Eagle and Aerie merchandise is also available in more than 200 international licensed locations in 25 countries. For the quarter ended November 3, 2018, AEO Inc. reported record earnings of $ 1.004 billion, net sales up $ 43 million, or 5%, from last year's $ 960 million, and earnings up 33% for action.
Since 1977 American Eagle has been offering a variety of special clothing and accessories for men and women that allow them to express themselves and give our customers the opportunity to celebrate their individuality. The brand has expanded its leadership position in jeans by creating innovative fabrics with options for all styles and customizations for all at a great price. Not only are we passionate about making great clothes, but we are also passionate about making real connections with the people who wear them. Aerie is a lifestyle brand offering intimate collections, apparel, sportswear and swimwear. With the # AerieREAL ™ movement, Aerie celebrates its community that advocates for body positivity and the empowerment of all women. Aerie believes in inspiring customers to love themselves inside and out. No repairs since 2014.
American Eagle Outfitters products and services
American Eagle Outfitters offers women's clothing such as dresses, blouses, pants, swimwear, lingerie, jackets, sleepwear and so on. Pants, jackets, shirts, sweatshirts, sleepwear, sleepwear, etc. men's ones are also available. Perfumes, colognes, hygiene and beauty products are also available for your hygiene products, as well as shoes, hair accessories, socks and various types of jeans for men and women. Room decor, pool accessories, and bedding are also available from American Eagle Outfitters.