×
81 401
Fashion Jobs
RALPH LAUREN
Sales Supervisor
Permanent · Boston
L'OREAL GROUP
District Sales Manager (Saloncentric) - Los Angeles, ca
Permanent · Los Angeles
NORDSTROM
Asset Protection - Agent - Thousands Oaks
Permanent · Thousand Oaks
KOHLS
Loss Prevention Manager - Arlington Heights, il
Permanent · Arlington Heights
KOHLS
Full-Time HR Specialist
Permanent · San Bernardino
KOHLS
Full-Time Loss Prevention Officer
Permanent · Ontario
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Waynesboro
ROSS STORES
Compensation Analyst, Supply Chain
Permanent · Perris
MACY'S
Manager, Credit & Loyalty Marketing
Permanent · Deerfield Township
MACY'S
Senior, Product Management
Permanent · New York
MACY'S
Principal, Program Manager - Supply Chain
Permanent · Secaucus
MACY'S
General Manager
Permanent · Simi Valley
MACY'S
Multi-Store Detective, Manhasset - Full Time
Permanent · Manhasset
MACY'S
Asset Protection Detective, Lehigh Valley - Full Time
Permanent · Whitehall
MACY'S
Asset Protection Security Guard, Dadeland - Part Time
Permanent · Miami
MACY'S
Asset Protection Detective, North Point - Full Time
Permanent · Alpharetta
MACY'S
Asset Protection Security Guard, Southridge Mall - Part Time
Permanent · Greendale
MACY'S
Peak Area Manager
Permanent · Cheshire
MACY'S
Asset Protection Security Guard, Memorial City - Full Time
Permanent · Houston
MACY'S
Asset Protection Detective, Annapolis - Part Time
Permanent · Annapolis
MACY'S
Asset Protection Security Guard, Northpark Center - Part Time
Permanent · Dallas
MACY'S
Asset Protection Detective, Connecticut Post - Full Time
Permanent · Milford
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 2021 All rights reserved.