Find in the news:
BY COUNTRY

Store portfolio to be reshuffled by American eagle to cut back on expenses



American Eagle is preparing to boost its omni-channel operations as it prepares to even out its fleet of stores.  

Store portfolio to be reshuffled by American eagle to cut back on expenses-1.jpgExecutives stated that the group’s buy online, ship-from-store facility is currently available in 255 stores and they intend adding the facility to more stores in preparation for the holidays. The same-store sales for Q2 2014 declined by 7% nationally, along with a 7% decrease which was experienced 12 months ago.  Based on brands, the group’s same-store sales fell by 8%, however its Aerie division, which is focused on lingerie, showed an increase of 9% in same-store sales.


Both divisions saw a fall in transaction quantity and average value during Q2 2014.  CFO, Mary Boland, said that regardless of the sales spiral, most of the stores are generating profits, with productivity of average sales reaching $400 per ft².


During the last quarter, the company had plans to shut down 50 Aerie and 100 American Eagle stores over the next three years, with a focus on B and C mall stores which had posted around $250 in yearly square foot sales.  

The company has plans to close 27 stand-alone Aerie stores this year, but has plans to open 29 Aerie stores next door to its American Eagle stores.  According to the CFO, this type of store appears to have an increased 30% better performance rate than stand-alone stores.  Factory outlet American Eagle stores are performing very well, with an average $600 per ft² in yearly sales and profits of 25% more than the average for the company.  Ten factory outlets were opened by the company during this year.

Store portfolio to be reshuffled by American eagle to cut back on expenses-2.jpg

More about shopping malls in the USA



TODAY:
Walmart has introduced an innovative digital shopping platform.
YESTERDAY, China:
The move into China comes after a successful pop-up event in Shanghai last fall.
DAY BEFORE YESTERDAY, China:
Located in the SKP shopping centre in Beijing’s Central Business District.
May 27, 2024, France:
The brand is set to open a flagship store in the Parisian district of Le Marais.
May 24, 2024, USA:
Stüssy is preparing to launch the new archive store in Brooklyn, New York, for one month.
May 23, 2024:
Located on Broadwick Street in Soho, London.
Friend
and Follow
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet
Woodfield Mall GLA:2 200 000 SF
ADDRESS: 5 Woodfield Mall, Schaumburg, IL 60173
USA . Schaumburg
Woodfield Mall


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us