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Opens nine stores during quarter
American Eagle Outfitters Inc. (Pittsburgh), which operates stores under American Eagle and 77kids banners, reports total sales grew 4 percent to $676 million for the second quarter ended July 30. Comparable store sales were flat, compared to a 1 percent decrease last year.
“During the quarter, we achieved improved performance on the top line and EPS within our range of expectations,” says ceo Jim O’Donnell. “We managed our business prudently and made significant strides on our longer-term initiatives which are laying the foundation for future growth. Importantly, a renewed focus on our key item businesses and improved merchandising are delivering positive results, with the back-to-school season off to an encouraging start.”
The company’s direct-to-consumer business, which includes ae.com, aerie.com and 77kids.com, increased 16 percent due to higher transactions driven by improved traffic and conversion.
During the second quarter, the company opened two AE, one aerie and six 77kids stores. In addition, the company remodeled 22 stores, bringing its store total to 54 locations.
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