The highly anticipated physical arrival of American Eagle and Aerie brands in the UK has ended in disappointment. The US fashion brands were due to debut in London’s Carnaby shopping district in early December.
American Eagle Outfitters Inc on Wednesday forecast a decline in earnings for the first half of 2022 as freight expenses surge and benefits from federal stimulus fade, sending its shares down 8% in extended trading.
London landlord Shaftesbury has delivered an impressive record in terms of attracting a host of new retailers and increasing footfall to its properties. it has signed over 60 new brands since 1 October 2020.
American Eagle Outfitters said on Tuesday its inventory levels jumped ahead of the holiday season as it spent more on freight to overcome supply-chain disruptions, after posting better-than-expected quarterly results.
A big capture for Shaftesbury. The London-centric property giant has signed well-known US sister brands American Eagle and Aerie to make their UK store debuts, both taking spaces at its key Carnaby shopping attraction.
The Pittsburgh-based apparel retailer announced on Tuesday that it has agreed to acquire its fulfillment partner, Quiet Logistics, for $350 million as part of the ongoing transformation of its supply chain.
American Eagle Outfitters Inc reported quarterly revenue that missed estimates on Thursday as the apparel retailer's online business slowed following vaccinations and the easing of some COVID-19 curbs.