WARRENDALE, Pa., Mar 01, 2006 (BUSINESS WIRE) -- American Eagle Outfitters, Inc. (NASDAQ:AEOS) today
announced the first group of retail lease agreements signed for MARTIN
+ OSA, its new sportswear brand targeting men and women aged 25 to 40.
This fall, four locations will open in Tysons Corner Center (McLean,
VA), Fashion Island (Newport Beach, CA), NorthPark Center (Dallas, TX)
and San Francisco Center. Two additional locations are currently
pending.
"MARTIN + OSA will be a unique and refreshing concept in the
retail clothing landscape. As a result, we chose to be very selective
about our initial store locations, specifically targeting premier
centers across the country which offer the right co-tenancies and
demographics that best support our brand," said MARTIN + OSA
President, Ken Pilot.
SVP and Chief Operating Officer, Chuck Chupein added, "We are
excited to partner with top developers to open the first MARTIN + OSA
stores. Recent expansions at Tysons Corner, NorthPark, and San
Francisco Center have added to a world-class tenant mix, making these
centers even more dominant in key markets. In addition, Fashion
Island's open air venue reflects a major component of our brand
philosophy - the outdoors."
MARTIN + OSA stores will range in size from 6,500 to 7,500 square
feet. The store design and customer experience was designed by Michael
Neumann Architecture in collaboration with Richard Altuna. The company
plans to open 10 to 15 stores in 2007 in better shopping venues
throughout the U.S.
MARTIN + OSA will carry men's and women's apparel, accessories and
footwear that combine classics, denim and active sportswear in an
innovative way. The Brand will cater to men and women aged 25 to 40
who lead an active life. Visit www.martinandosa.com for further
information and to sign up for future updates.
American Eagle Outfitters (NASDAQ:AEOS) is a leading retailer that
designs, markets and sells its own brand of laidback, current clothing
for 15 to 25 year-olds, providing high-quality merchandise at
affordable prices. AE's original collection includes standards like
jeans and graphic T's as well as essentials like accessories,
outerwear, footwear, basics and swimwear. American Eagle Outfitters
currently operates 798 stores in 50 states, the District of Columbia,
Puerto Rico, and 71 AE stores in Canada. AE also operates ae.com,
which offers additional sizes and styles of favorite AE merchandise
and ships around the world. The company plans to open MARTIN + OSA, a
new sportswear concept targeting 25 to 40 year old women and men, in
the fall of 2006. For additional information and updates, visit
www.martinandosa.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 MARTIN + OSA stores. 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 MARTIN + OSA stores do not open as planned or does not
perform to expectations, and those other risks described in the
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" section of 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.
Judy Meehan, 724-776-4857
OR
Financial Media Contact
Berns Communications Group
Stacy Berns or Melissa Jaffin, 212-994-4660