American Eagle to expand internationally
Pittsburgh American Eagle Outfitters announced the opening of its first stores outside of North America. The news comes on the heels of the company’s announcement that it is closing its Martin+Osa business, which includes 28 stores and an e-commerce arm.
This month, flagship American Eagle Outfitters stores will open in Dubai and Kuwait City. This Middle East launch comes in cooperation with M.H. Alshaya Co., the leading retailer in the region, which last year signed a franchise agreement to open a series of American Eagle Outfitters stores in international markets over the next several years.
A new 9,400-sq.-ft. American Eagle Outfitters store will open in Dubai on March 16. An 8,500-sq.-ft. store will open in Kuwait City on March 25 at the Avenues Mall. Both stores will feature the casual lifestyle of the brand and provide the same high-quality, on-trend clothing and accessories at affordable prices featured at American Eagle Outfitters stores throughout North America.
Also available at the new stores will be the latest collection of aerie, the comfortable loungewear and intimates brand by AEO.
“We are very excited to expand the international presence of the American Eagle Outfitters brand,” said Jim O’Donnell, CEO of American Eagle Outfitters. “There is a significant appetite for the AEO brand internationally, and we are excited to bring our high-quality, affordable fashion to customers in the Middle East. We are confident that our franchise partner, M.H. Alshaya, will bring the authentic AEO brand experience to life given their track record of presenting the world’s most prominent brands in international markets.”
American Eagle Outfitters operates 938 stores throughout the United States and Canada, and through its e-commerce business, ships merchandise to 75 countries worldwide.
Sam’s Club honors outstanding Hispanic business owners
BENTONVILLE, Ark. Sam’s Club has announced the winners of the “Como Si: Doing Business Today for Tomorrow!” contest.
The winners of the nationwide contest, presented by Sam’s Club and The United States Hispanic Chamber of Commerce, were selected from contestants who submitted short videos promoting their small business, detailing what has brought their enterprise through today’s tough economic environment and what their plan is to “keep up and keep going.” The winners were chosen for originality, creativity, relevance and clarity of their videos.
The winners are:
Delmy Franco, My Tidy Files – North Hollywood, Ca. Alba Gonzalez-Nylander, Alba Video Production – Franklin, Tenn. Michelle Manon, Tamahli – San Antonio, Texas Jesus Ojeda, Ojeda’s, Inc – Des Moines, Iowa Molly Dalton Robbins, Palomita and Chucho Clothing – San Rafael, Ca. Maria de Lourdes Sobrino, Lulu’s – Anaheim, Ca. Nelson Soler, Multicultural Entrepreneurial Institute, Inc – Milwaukee, Wisc. Roger Villeda, Villeda Marketing International – Denver, Colo. Lilian Jimenez, Jimenez Communications – Fontana, Ca. Jennifer Fuentes, Independent Beauty Consultant – San Antonio, Texas
The winners receive a trip to the home office of Sam’s Club in Bentonville, Ark. to learn about incorporating the latest technology into their businesses while creating a better bottom line.
“Small business owners are pressed to find more effective and affordable ways to promote their business and compete in a tough economic environment. They must do so while learning new skills, such as managing cash flow, logistics and human resources. We are pleased to be part of an initiative that can help deliver valuable information to those who are eager to learn and apply it,” said Carlos Doubleday, Sam’s Club VP.
Collective Brands reports 4Q, FY results
TOPEKA, Kan. Collective Brands reported that its fourth-quarter net loss was $10.9 million, or 17 cents per diluted share, compared with a net loss of $144 million, or $2.28 per share, in the fourth quarter of 2008.
Full-year 2009 net earnings increased to $82.7 million, or $1.28 per diluted share, compared with a net loss of $68.7 million, or $1.09 per diluted share in 2008.
Collective Brands’ fourth quarter 2009 net sales were $741.7 million up 0.9%. The company’s fourth quarter 2009 comparable-store sales increased 0.7%.
Collective Brands’ 2009 net sales were $3.31 billion, down 3.9%. The company’s 2009 comparable-store sales decreased 2.3%. related to litigation, asset impairments, severance, cancellation of performance share units, and the expiration of the Tommy Hilfiger adult footwear license.