American Eagle Outfitters to open in Hong Kong, China
Pittsburgh American Eagle Outfitters said Wednesday it will open retail stores in Hong Kong and China via a franchise agreement with Dickson Concepts (International) Limited.
The exclusive agreement with Dickson, an international retail company that operates more than 400 stores throughout Asia, will allow American Eagle to continue its presence overseas with a planned series of stores over the next several years.
According to the companies, the first three are planned for early 2011 in Hong Kong, Beijing and Shanghai. American Eagle Outfitters introduced its brand in the Middle East in March of this year with stores in Dubai and Kuwait.
“There is significant appetite for the American Eagle Outfitters brand internationally, and we are excited to bring our high-quality, affordable fashion to customers in China and Hong Kong,” said Jim O’Donnell, CEO, American Eagle Outfitters.
Dickson Poon, group executive chairman of Dickson Concepts, said, “There is a burgeoning demand for trendy young fashion in Asia, and I am very confident that American Eagle Outfitters will achieve the same level of phenomenal success in Asia as in its home market of North America.”
The American Eagle stores in China and Hong Kong will offer the complete AE seasonal assortments, as well as intimates and dormwear lines from aerie by American Eagle. American Eagle Outfitters will provide merchandising and marketing input, while Dickson Concepts will handle all operational functions.
American Eagle Outfitters currently operates more than 1,000 stores worldwide.
Macy’s celebrates Pride month
NEW YORK (Jun. 2) Macy’s announced that it has celebrating Pride month with a multitude of in-store fashion events, advertising support, special tribute windows in select stores, gift registry booths for same-sex couples in key cities, as well as sponsorship and employee participation in Pride parades across the country.
"We are proud to support our LGBTQ employees and consumers through initiatives that recognize and honor our commitment to diversity and inclusion," said Corliss Fong, Macy’s vice president of diversity strategies. "Macy’s remains a steadfast supporter of inclusiveness in all aspects of our business and we join in celebration with millions across the nation who live with pride and joy this June."
Borders announces exec changes
ANN ARBOR , Mich. (Jun. 4) Borders Group announced that Mike Edwards has been appointed president of Borders Group and president and CEO of Borders Inc., the principle subsidiary of Borders Group. Bennett LeBow, who recently became chairman of the Borders Group board of directors, will serve as CEO of Borders Group. Edwards will report to LeBow.
Edwards has been interim CEO of Borders since January. He joined the company in September 2009 as EVP and chief merchandising officer. Before joining Borders, he most recently served as president and CEO of Ellington Leather, a Portland, Ore.-based leather handbags and accessories wholesaler. From 2004 through 2007, Edwards was president and CEO for lucy Activewear, a division of VF Corp. He has also held executive management positions in merchandising and operations with Jo-Ann Stores, West Marine Inc., Golfsmith and CompUSA, as well as buying and merchandising posts with Target and the May Department Store Company.
LeBow, who recently made an equity investment of $25 million in Borders through an entity he controls, is chairman of the board of Vector Group, a company he’s been affiliated with since 1986. In March of 1996, under his leadership, Liggett Company, owned by Vector Group, became the first tobacco company to settle smoking-related litigation. Before devoting himself completely to private business in 1968, LeBow served in the Pentagon initially as a First Lieutenant and subsequently as a civilian, serving as assistant to the assistant vice chief of staff of the U.S. Army.