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American Eagle Outfitters, Inc. is an American clothing and accessories retailer headquartered at SouthSide Works in Pittsburgh, Pennsylvania. It was founded in 1977 by brothers Jerry and Mark Silverman as a subsidiary of Retail Ventures, Inc. , a company that also owned and operated Silverman's Menswear.
Sales rose to $1.14 billion, up about 6% from $1.08 billion a year earlier. American Eagle said its continuing to expect full-year operating income in the range of $445 million to $465 million ...
Retail ventures. Schottenstein Stores owns stakes in DSW and American Signature Furniture; 15% of American Eagle Outfitters, retail liquidator SB360 Capital Partners, over 50 shopping centers, and 5 factories producing its shoes and furniture.
Off-price. Off-price is a trading format based on discount pricing. Off-price retailers are independent of manufacturers and buy large volumes of branded goods directly from them. The off-price retail model relies on the purchase of over-produced, or excess, branded goods at a lower price, thus being able to sell to consumers at a discount ...
American Eagle has been witnessing sustained momentum across its brands and channels. This led to year-over-year revenue growth of 17% and 15% on a two-year basis in fourth-quarter fiscal 2021.
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