PITTSBURGH--(BUSINESS WIRE)--June 26, 2008--American Eagle
Outfitters, Inc. (NYSE:AEO) today announced that Susan P. McGalla has
advised the firm she will not renew her contract as President and
Chief Merchandising Officer, which expires January 31, 2009.
"After 14 very rewarding years with American Eagle, I feel it's
time to move on to new challenges," Ms. McGalla said. "I am grateful
for the opportunities American Eagle has presented to me over the
years and to lead such a talented team."
Ms. McGalla has agreed to devote her remaining time with the
company to building Martin + Osa, 77kids, as well as special projects.
Her responsibilities as President will be assumed by Jim O'Donnell,
Chief Executive Officer. The company will conduct a search for a new
Chief Merchandising Officer.
"Susan has been an important part of our growth and success at
American Eagle Outfitters," said Jim O'Donnell, Chief Executive
Officer. "Among her many accomplishments, she has been a key leader in
the growth of AE's dominant women's business, launch of aerie,
refinement of the Martin + Osa concept, and development of our newest
brand, 77kids. Susan's leadership and commitment to the development of
our merchandising teams gives me confidence in a seamless transition.
On a personal level, I wish Susan the best in all of her future
endeavors and continue to be excited about American Eagle Outfitters'
future."
About American Eagle Outfitters, Inc.
American Eagle Outfitters designs, markets and sells its own brand
of laidback, current clothing targeting 15 to 25 year-olds, providing
high-quality merchandise at affordable prices. The original collection
includes standards like jeans and graphic Ts as well as essentials
like accessories, outerwear, footwear, basics and swimwear. American
Eagle currently operates 870 stores in 50 states, the District of
Columbia and Puerto Rico, and 76 AE stores in Canada. American Eagle
also operates ae.com(R), which offers additional sizes and styles of
favorite AE(R) merchandise and ships to more than forty countries
around the world. The American Eagle(R) brand also includes a
Dormwear(R) collection, aerie(TM), which is available in 67 standalone
stores, American Eagle stores and at aerie.com. The collection
includes bras, undies, camis, hoodies, robes, boxers, sweats and
leggings for the AE girl. Designed to be sweetly sexy, comfortable and
cozy, the aerie brand offers AE customers a new way to express their
personal style everyday, from the dormroom to the coffee shop to the
classroom.
MARTIN + OSA(TM), a concept targeting 28 to 40 year-old women and
men, offers refined casual clothing and accessories, designed to be
valuable, irresistible, inspiring, authentic and adventurous. MARTIN +
OSA currently operates 22 stores. For additional information and
updates, visit www.martinandosa.com.
The company plans to open a children's apparel brand, 77kids by
American eagle(TM). The new brand will offer on-trend, high-quality
clothing and accessories for kids age two to 10. 77kids will launch
worldwide online at www.77kids.com during Fiscal 2008, with
brick-and-mortar stores in the U.S. planned for 2010.
CONTACT: American Eagle Outfitters, Inc.
Media:
Jani Strand, 412-432-4500
strandj@ae.com
or
Investors:
Judy Meehan, 412-432-3300
SOURCE: American Eagle Outfitters, Inc.