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American Eagle plans 50 to 80 new Aerie stores

August 29, 2018

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American Eagle CEO Jay Schottenstein on Wednesday morning told analysts on a conference call that store revamps for flagship and Aerie lingerie stores are paying off, with higher customer conversions, transactions and traffic, including at malls.

“Comp sales were significantly better than expected at +9.0%, versus [our] consensus of +6.3%/+6.4%,” noted B. Riley FBR analysts in a note emailed to Retail Dive, adding that its “inventory is in good shape.” The company’s total ending inventories at cost rose 8% to $466 million, in line with its expectations, and the company expects third quarter ending inventory to be up in the high-single digits, according to its release.

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