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.
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.
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.
American Eagle Outfitters Inc forecast holiday-quarter earnings below Wall Street expectations on Tuesday, as it spends more on advertising and employee incentives to drive sales during the busiest shopping season.
American Eagle Outfitters Inc reported record-high first-quarter comparable sales on Thursday, helped again by strong demand for its Aerie line of lingerie. Comparable sales rose 9 percent in the quarter ended May 5.