Schottenstein added that even before the pandemic began, American Eagle had the foresight to prepare for supply chain headwinds.
Aside from the investments in the supply chain, Schottenstein said growth drivers included fewer promotional sales, more full-priced selling, strategically placed brick-“It was strong across the board,” the chairman and CEO said. “Every retailer out there talks about it being a strongSchottenstein added on Thursday morning’s conference call with analysts that the company is in the process of revealing a new denim concept in the next few weeks.
Broken down, total company revenues for the three-month period ending July 31 were $1.19 billion, up from $883 million during 2020’s second quarter. That’s an increase of $311 million, or 35 percent, year-over-year. on top of 32 percent growth the same time last yearto nearly $336 million in the last three months, up from $251 million a year ago. In March, the company said Aerie hadAnnual revenues at Aerie have surpassed $1 billion.
The retailer logged more than $121 million in profits as a result, compared with losses of $13.7 million a year ago.
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