American Eagle Outfitters, Inc.

American Eagle Outfitters (AEO) late last month announced it has completed the acquisition of Quiet Logistics for approximately $360 million in cash. Quiet Logistics operates a network of in-market fulfillment centers in six cities where workers aided by robots fulfill shipping orders for digital apparel and lifestyle brands such as Mack Weldon, Outdoor Voices and Peloton.…

American Eagle Outfitters (AEO) is adding Quiet Logistics to its portfolio, reports Yahoo Finance. The retailer has agreed to purchase the logistics firm for $350 million in cash, building upon its acquisition of logistics firm AirTerra earlier in the year as it continues to enhance its supply chain capabilities. Quiet Logistics has locations in Los…

American Eagle Outfitters (AEO) has recently introduced its first digital clothing collection on Bitmoji, the cartoon avatar creation platform owned by Snapchat, according to a company news release. With this new initiative, users can view the retailer's back-to-school collection on virtual representations of brand ambassadors Addison Rae, Chase Stokes, Madison Bailey, Caleb McLaughlin and Jenna Ortega. Their…

Teen apparel retailer American Eagle Outfitters (AEO) outlined plans to close hundreds of stores in the coming years, while it looks to grow it lingerie and activewear brand Aerie to a $2 billion business. Chief Financial Officer Mike Mathias said during a virtual meeting with investors that AEO, which has about 880 stores, is looking to…

American Eagle Outfitters (AEO) Global Brand President Chad Kessler doesn't think there should be an age restriction on cannabidiol (CBD) products, according to CNBC. The retailer is planning on adding products containing hemp extract to its stores this fall. “We don’t think there should be an age restriction," Kessler said to CNBC. "We are sticking…

American Eagle Outfitters is working with private equity firm Cerberus Capital Management on a bid for Abercrombie & Fitch, sources familiar with the matter have told The Wall Street Journal. This news comes after Abercrombie confirmed to CNBC earlier this month that it was in preliminary discussions with several interested buyers. At the time, apparel retailer…

Millennials are having a party, but it seems the invitations for most teen retailers never hit their mailboxes. Perhaps that's because such invites would've been issued via mobile phone. At a time when younger generations are spending upward of 80 hours a month on their mobile devices, several apparel brands are missing out on a commerce…

Forget jeans. It’s all about bras, undies and sleepwear at American Eagle Outfitters. The Pittsburgh-based teen retailer is zeroing in on its small but red-hot Aerie brand — and is expected to amp up the expansion of the brand’s stand-alone stores. And why not? In the three months ended Oct. 31, same-store sales of the Aerie brand…

Nearly two years after American Eagle Outfitters parted ways with its last chief executive, the teen clothing retailer has named Jay L. Schottenstein, its interim CEO since January 2014, to the CEO role permanently. The move acknowledges that the company’s fortunes have improved in the last several quarters, including the most recent one. In third-quarter…

American Eagle Outfitters, looking to infuse its middle-American collegiate brand with fresh, smart ideas, has settled on Todd Snyder as one of its new idea guys. The name won’t be familiar to everyone, but in fashion circles, Mr. Snyder’s name is known for both a premium menswear line sold in places like Nordstrom and for his…