WARRENDALE, Pa., May 17, 2005 (BUSINESS WIRE) -- American Eagle Outfitters, Inc. (NASDAQ:AEOS) today
announced that Roger Markfield signed an agreement to serve as an
advisor to the Company through 2012. He will continue to serve as
President of the Corporation through 2005, and Vice Chairman of the
Board through 2006. Roger will focus on the development of the new
retail concept and strategic growth initiatives, as well as advise the
American Eagle brand, transitioning to a reduced schedule in February
2006. As Chief Merchandising Officer from 1993 through 2003, Roger has
been instrumental to the growth and success of the American Eagle
brand.
Susan McGalla, Executive Vice President of Merchandising, was
promoted to President of the American Eagle Brand, in which she will
be directly responsible for the design, merchandising and marketing
functions. Susan joined the Company in 1994, rising to General
Merchandise Manager of Women's in 1997, and contributed to the growth
of the Women's business from 20% to 61% of total sales. Most recently,
as Executive Vice President/Chief Merchandising Officer, Susan has
been responsible for merchandising functions, and has been
instrumental to the Company's significant growth and improvement over
the past 15 months.
American Eagle Outfitters' CEO, Jim O'Donnell, commented, "I am
very pleased to have Roger's long-term commitment to provide on-going
merchandising leadership and creative vision, particularly as we
develop our next retail brand. Susan has a proven track record and
extensive experience with the American Eagle brand. After working with
her for several years now, I have tremendous confidence in her ability
to lead the brand to continued growth and success."
American Eagle Outfitters (NASDAQ:AEOS) is a leading lifestyle
retailer that designs, markets, and sells its own brand of relaxed,
casual clothing for 15 to 25 year olds, providing high-quality
merchandise at affordable prices. AE's collection includes modern
basics like jeans, cargo pants, and graphic Ts as well as a stylish
assortment of cool accessories, outerwear and footwear. American Eagle
Outfitters currently operates 777 AE stores in 50 states, the District
of Columbia and Puerto Rico, and 70 AE stores in Canada. AE also
operates via its Web business, www.ae.com, which offers additional
sizes and styles of favorite AE merchandise.
"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 continued growth and success of the
American Eagle brand and the launch and growth of our new retail
concept. 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 risks associated with the specialty apparel retail
business, starting a new retail apparel brand, and those other risks
described in the Company's filings 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.
Laura Weil or Judy Meehan, 724-776-4857