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Fashion Jobs
BANANA REPUBLIC
General Manager - Shoppes at Susquehanna Marketplace
Permanent · Harrisburg
BANANA REPUBLIC
General Manager - Elmwood
Permanent · Harahan
BANANA REPUBLIC
General Manager- East View Mall
Permanent · Victor
CENTRIC BRANDS
Coordinator, Sales Operations
Permanent · New York
MACY'S
Asset Protection Detective, Newport Centre - Part Time
Permanent · Jersey City
MACY'S
Asset Protection Detective, Topanga - Full Time
Permanent · Los Angeles
MACY'S
Manager, Asset Protection - Multi Store
Permanent · Milford
MACY'S
Asset Protection Detective, Newpark - Part Time
Permanent · Newark
MACY'S
vp, Technology Business Management
Permanent · Johns Creek
MACY'S
Asset Protection Detective, West County Center - Full Time
Permanent · St. Louis
MACY'S
Asset Protection Detective, University Square - Part Time
Permanent · University Heights
MACY'S
Asset Protection Detective, White Marsh - Full Time
Permanent · Nottingham
MACY'S
Asset Protection Detective, River Oaks Center - Part Time
Permanent · Calumet City
MACY'S
Asset Protection Detective, Park Meadows - Full Time
Permanent · Lone Tree
MACY'S
Asset Protection Detective, Victor Valley - Full Time
Permanent · Victorville
WATCH STATION
Photo Art Director - Portfolio And Wsi
Permanent · Dallas
OLD NAVY
Asset Protection Service Representative - Downey Landing
Permanent · Downey
OLD NAVY
Assistant General Manager , Merchandise - Ridgeway Center
Permanent · Stamford
OLD NAVY
General Manager - Greenwood Commons
Permanent · Greenwood
H&M
h&m - Retail Store Visual Manager
Permanent · Cherry Hill
BLOOMINGDALE'S
Asset Protection Outlet Supervisor, Full Time: Outlets at Orange
Permanent · Orange
NEW BALANCE
Senior Product Manager, Made in Usa
Permanent · Boston
By
Reuters
Published
Nov 23, 2021
Reading time
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American Eagle Outfitters (AEO) holiday inventory balloons, sales impress

By
Reuters
Published
Nov 23, 2021

American Eagle Outfitters Inc said on Tuesday its inventory levels jumped ahead of the holiday season as it spent more on air freight to overcome supply-chain disruptions, after posting better-than-expected quarterly results.


Instagram: @abercrombie



Shoppers have been splurging on streetwear, visiting stores more after vaccinations and the easing of COVID-19 curbs. But congested ports and factory closures in Asia have resulted in nearly empty shelves for some retailers.

Abercrombie & Fitch Co on Tuesday also posted quarterly revenue above market expectations but said its inventory levels were largely flat from a year earlier.

Shares in Abercrombie fell about 17%, tracking their worst day in 2-1/2 years, while those of American Eagle rose 5%.
Abercrombie is expected to take a hit of around $75 million in the fourth quarter due to higher freight rates, Chief Finance Officer Scott Lipesky said on a post-earnings call.

American Eagle forecast additional holiday-quarter freight costs of $70 million to $80 million. The company, however, has been beefing up its logistics game, after it agreed this month to buy Quiet Logistics for $350 million, following its takeover of AirTerra earlier this year.

Most other U.S. apparel sellers have reported an increase in inventory levels as they chartered their own container ships and ordered products in advance for the holidays.

American Eagle said its inventory at the end of the third quarter increased 32% to $740 million. "We are in a healthy inventory position ... set up for a very strong holiday," Chief Operating Officer Michael Rempell told analysts.

For American Eagle, third-quarter net revenue increased 24% to $1.27 billion, beating estimates of $1.23 billion, according to Refinitiv IBES. Helped by demand for its eponymous and Aerie brands, it also beat profit estimates.

Abercrombie's net sales, meanwhile, rose 10% to $905.2 million.

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