American Eagle Outfitters with Aerie Shop-in-Shop will open in
February in Mexico City as AEO expands its presence in North America
PITTSBURGH--(BUSINESS WIRE)--Jan. 28, 2013--
American Eagle Outfitters, Inc. (NYSE:AEO) confirmed today the opening
of its first company owned and operated store in Mexico City. The store
will open February 20th, 2013 and will be located in the
Perisur’s shopping center, a mall located in the south part of Mexico
City. Aligning with its strategy plan to fortify and expand in North
America; AEO plans to open a series of vertically owned and operated
stores in Mexico. Each AEO store will include an Aerie presence either
in shop-in-shop or side-by-side form.
“Mexico presents an exciting market opportunity for AEO, where we have
evidence of strong brand acceptance through the positive response to our
Mexico-specific e-commerce site which we launched in fall of 2012
bringing a multi-channel experience to our customers," said CEO
. “We plan to open six company owned stores this year, and to
profitably scale the business over the next several years. We view
Mexico as an important launch that will drive our longer-term approach
to global expansion.”
In 2012, American Eagle Outfitters successfully licensed stores in
Japan, Israel and Poland and continues to grow its presence in the
Middle East. American Eagle Outfitters is currently present in 13
countries and ships online to 77 countries internationally.
About American Eagle Outfitters, Inc.
American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global
specialty retailer offering high-quality, on-trend clothing, accessories
and personal care products at affordable prices under its American Eagle
Outfitters® and Aerie® brands. The company operates more than 1,000
stores in North America, and ships to 77 countries worldwide through its
websites. American Eagle Outfitters and Aerie merchandise also is
available at approximately 50 international franchise stores in 13
countries. For more information, please visit www.ae.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: This release contains forward-looking statements, which
represent our expectations or beliefs concerning future events,
specifically regarding the opening of stores in Mexico. All
forward-looking statements made by the company involve material risks
and uncertainties and are subject to change based on factors beyond the
company's control. Such factors include, but are not limited to the risk
that the company’s operating, financial and capital plans may not be
achieved and the risks described in the Risk Factor Section of the
company's Form 10-K and Form 10-Q filed with the Securities and Exchange
Commission. Accordingly, the company's future performance and financial
results may differ materially from those expressed or implied in any
such forward-looking statements. The company does not undertake to
publicly update or revise its forward-looking statements even if future
changes make it clear that projected results expressed or implied will
not be realized.
Source: American Eagle Outfitters, Inc.
American Eagle Outfitters Inc.
Iris Yen, +1-212-561-4902 (USA)
Zarina Rivera, +52 55 5540-5888 (MX)