×
34 933
Fashion Jobs
DESIGNER BRANDS
Store Warehouse Supervisor Full Time
Permanent · Aventura
MACY'S
Macy’s Asset Protection / Loss Prevention Security Guard
Permanent · Garden City
MACY'S
Macy’s Asset Protection / Loss Prevention Security Guard
Permanent · Bronx
MACY'S
Macy’s Asset Protection / Loss Prevention Security Guard
Permanent · Woodbridge Township
MACY'S
Asset Protection / Loss Prevention Detective
Permanent · Bronx
MACY'S
Beauty Account Coordinator - Dior: Kings Plaza
Permanent · New York
ROSS STORES
Area Supervisor - Distribution Center
Permanent · Fort Mill
ROSS STORES
Area Supervisor - Distribution Center
Permanent · Carlisle
BLOOMINGDALE'S
Asset Protection Visual Security Officer
Permanent · Boca Raton
BLOOMINGDALE'S
Outlet Asset Protection Visual Security Officer
Permanent · Orange
BLOOMINGDALE'S
$300 Sign-on Bonus: Asset Protection And Service Ambassador
Permanent · New York
BLOOMINGDALE'S
$300 Sign-on Bonus: Asset Protection Visual Security Officer
Permanent · Santa Monica
BLOOMINGDALE'S
Asset Protection / Loss Prevention Detective
Permanent · Los Angeles
BLOOMINGDALE'S
$300 Sign-on Bonus: Asset Protection / Loss Prevention Detective
Permanent · Honolulu
BLOOMINGDALE'S
$300 Sign-on Bonus: Asset Protection And Service Ambassador
Permanent · San Jose
BLOOMINGDALE'S
$300 Sign-on Bonus: Asset Protection / Loss Prevention Detective, Part Time : Bloomingdale’s Sherman Oaks
Permanent · Los Angeles
BLOOMINGDALE'S
$300 Sign-on Bonus: Asset Protection Visual Security Officer
Permanent · New York
BLOOMINGDALE'S
$300 Sign-on Bonus: Asset Protection Visual Security Officer
Permanent · New York
BLOOMINGDALE'S
$300 Sign-on Bonus: Asset Protection / Loss Prevention Detective
Permanent · New York
BLOOMINGDALE'S
$300 Sign-on Bonus: Asset Protection Visual Security Officer
Permanent · Aventura
BLOOMINGDALE'S
$300 Sign-on Bonus: Asset Protection And Service Ambassador
Permanent · Garden City
BLOOMINGDALES.COM
Business Manager - Men’s: Bloomingdale’s Sherman Oaks, ca
Permanent · Los Angeles
By
Reuters
Published
Jun 3, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Online demand fuels American Eagle's recovery after coronavirus slump

By
Reuters
Published
Jun 3, 2020

American Eagle Outfitters Inc on Wednesday signaled a strong sales rebound in the current quarter, driven by a surge in online demand for the apparel retailer’s lingerie and athleisure brand, Aerie.


Photo: Aerie



Shares reversed course to climb as much as 18%, as the upbeat comments helped investors shrug off a bigger-than-expected quarterly loss due to the coronavirus-related store closures.

American Eagle said online demand for the Aerie brand, a bright spot for the company, jumped more than 100% in the second-quarter so far from a year earlier, while that at its namesake brand increased about 50%.

The company has tapped influencers like TikTok star Charlie D’Amelio for campaigns to draw in more customers online, as virus-led closures have dented demand and forced it to furlough staff and freeze hiring.

American Eagle also said sales at the over 500 stores it reopened so far had achieved 95% of last year’s productivity.

“We think we are getting more than our fair share of pent-up demand,” Chief Financial Officer Mike Mathias said on a post-earnings call.
Rival Abercrombie & Fitch had said sales at its U.S. stores were tracking at 80%.

Amid the disruptions caused by the outbreak, American Eagle suspended its second-quarter dividend and does not anticipate declaring a dividend for the rest of the year to preserve liquidity.

In the first quarter ended May 2, the retailer said overall digital demand rose 33%, while it surged 75% at Aerie, as people confined to their homes ordered more of its leggings and fleece wear.

Excluding one-time items, the company reported a loss of 84 cents per share, larger than analysts’ average estimate of a loss of 30 cents, according to IBES data from Refinitiv.

The retailer’s total revenue fell nearly 38% to $551.7 million, missing expectations.

© Thomson Reuters 2020 All rights reserved.