American Eagle Outfitters, Inc.

Technology's Implications for Teen Retailers
November 12, 2011

NEW YORK (Trefis) -- The technology world is changing rapidly, and this holds large implications for how business is done in the apparel industry. The popularity of tablet devices and smartphones has catapulted Internet and mobile sales to the top of apparel retailers' strategies. It's become particularly important for the teen apparel sector, which includes Aeropostale(ARO) IHL Group President Greg Buzek says, "A complete transformation of the customer experience will occur at clothing and department stores over the next three years." Below we look at how the apparel sector is getting influenced by technical advancements. See our full analyses

Old Navy joins network to reward customers for store visits
November 9, 2011

PALO ALTO, Calif. — Old Navy has become the latest retailer to partner with Shopkick, a shopping mobile app that rewards shoppers for walking into stores. Customers who have the shopkick app on their smartphones will be able to receive walk-in rewards at any of Old Navy's nearly 1,000 U.S. locations, Shopkick reported. To celebrate, Old Navy will offer $10 off of a $40 purchase plus 150 Shopkick reward points for the partnership's first weekend (Nov. 10 to 13), available exclusively through the Shopkick app: shopkick.com/oldnavy, according to a company press release. The Shopkick app works by detecting a

October sales generally up, but short of estimates; Buckle leads apparel
November 7, 2011

New York City -- Consumer spending slowed in October, sending a note of caution as retailers head into the holiday season. Eleven retailers missed expectations for same-store sales, while three chains beat estimates, according to a preliminary tally by Thomson Reuters. However, while the October results were not as promising as some retailers had hoped, sales for the most part rose and most chains reported results that were only slightly off from analysts’ estimates. Some analysts blamed Wall Street for underestimating how much caution is still out there. "This is expectations getting ahead of reality," said AlixPartners managing director

October sales generally up, but short of estimates
November 3, 2011

NEW YORK — Consumer spending slowed in October, sending a note of caution as retailers head into the holiday season. Eleven retailers missed expectations for same-store sales, while three chains beat estimates, according to a preliminary tally by Thomson Reuters. However, while the October results were not as promising as some retailers had hoped, sales for the most part rose and most chains reported results that were only slightly off from analysts’ estimates. Some analysts blamed Wall Street for underestimating how much caution is still out there. "This is expectations getting ahead of reality," said AlixPartners managing director Joel

American Eagle Q3 sales rise 11%
November 3, 2011

Pittsburgh -- American Eagle Outfitters reported Wednesday that sales for the quarter ended Oct. 29 rose 11% to $832 million, compared with $752 million in the year-ago period. Same-store sales increased 5% for the quarter, following a 1% rise for the same period last year. By banner, American Eagle posted a 5% comp increase and Aerie comps surged 8%. “Our third quarter results reflect stronger merchandise assortments and targeted promotions supported by strategic inventory investments,” said Jim O’Donnell, CEO.

Amercian Eagle Taps Growing Android User Base
October 26, 2011

The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. NEW YORK (Trefis) -- American Eagle Outfitters(AEO) We believe that this is a smart move by American Eagle as the company targets the 15- to 25-year old age group, which represents a major chunk of total smartphone users in the U.S. American Eagle Outfitters together with Aeropostale(ARO) With the number of smartphone users increasing in an exponential manner, retailers want to tap smartphones as a medium to enhance their business. According to a

American Eagle Rolls Out Google Wallet for In-Store Payments
October 13, 2011

A new way to pay for your purchases and get discounts at American Eagle Outfitters has just launced. Say hello to the Google Wallet app, a tap-and-go payment method that can be linked to your Citibank credit card or an American Eagle gift card (or you can add money to your Google Wallet account from any credit card online).

American Eagle Joins Denim Recycling Program
October 7, 2011

American Eagle Outfitters and Cotton Incorporated are partnering on a denim recycling program called “Cotton. From Blue to Green.” Through Oct. 18, more than 850 American Eagle Outfitters stores are participating as well as 47 college campuses across the U.S.

American Eagle Q2 Profit More Than Doubles
August 25, 2011

American Eagle Outfitters' second-quarter net income more than doubled to $19.7 million from $9.7 million in the year-ago period. The teen retailer credited the jump on increased revenue, growing online sales and fewer markdowns.