American Eagle Outfitters Announces Management Hires For Its New Concept.WARRENDALE, Pa. -- American Eagle Outfitters, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AEOS AEOS American Eagle Outfitters Inc. (stock symbol) AEOS Advanced Electro-Optical System (3.67 meter adaptive optical telescope on Maui) AEOS Advanced Electro Optical Sensor ) today announced that Ken Pilot joined the company as President of its new retail concept. Ken will lead the company's development and launch of the new brand. He will report to the Chief Executive Officer, Jim O'Donnell. Ken joins American Eagle Outfitters with extensive experience in the specialty retail industry, and specifically, building and evolving strong lifestyle brands. From 1989 to 2002, Ken held various executive positions at Gap, Inc., including President of the Gap, where he also led international expansion. Since 2003, Ken served as President of Factory Stores and Retail Concept Development at Polo Ralph Lauren Polo Ralph Lauren (NYSE: RL) is American fashion designer Ralph Lauren's luxury lifestyle company. Polo Ralph Lauren specializes in high-end casual/semi-formal wear for men and women, as well as accessories, fragrance, and housewares. . Chuck Chupein joined the company as Senior Vice President, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the new concept, and will report to Ken Pilot. Chuck will be directly responsible for operating functions, including real estate, merchandise planning Merchandise Planning is a strategic and systematic approach used by retailers, particularly in fashion and non-food areas. It is aimed at maximising return on investment, through planning and monitoring sales, margins and inventory in order to increase profitability. and allocation, finance, information technology and logistics. Through key finance and operating positions at Limited Inc., and Gap, Chuck brings a broad range of retail operating experience. Most recently, he served as Director of Operations and Real Estate at Sugartown Worldwide Inc. (Lilly Pulitzer Lilly Pulitzer (b. 1931, Roslyn, New York) is a socialite and prominent fashion designer. History Lilly Pulitzer was christened Lillian Lee McKim to a socialite family in Roslyn, New York in 1931; Lilly Lee was her nickname among her friends. ) James Olsson also joined American Eagle as Vice President, General Merchandise Manager of Men's, and will report to Ken Pilot. James' extensive merchandising experience includes nine years at the Gap (1991-2000), where he was instrumental in the growth and development of Old Navy's Men's division during its first five years of operations. He also served as Divisional Vice President at Coach from 2000-2002, and most recently CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ripcurl, Inc. American Eagle Outfitters' CEO, Jim O'Donnell, commented, "Together with the recent hiring of Michele and Charles Martin For other persons named Charles Martin, see Charles Martin (disambiguation). Charles Martin, a noted poet, critic and translator, was born in New York City in 1942 and grew up in the Bronx. He graduated from Fordham University and received his Ph.D. , as well as Roger Markfield's ongoing leadership and vision in the creative and merchandising areas, we have a powerful team to develop and build our next retail concept. I have tremendous confidence in Ken's leadership abilities and extensive experience evolving lifestyle brands. Chuck brings vast retail operating knowledge and management skills across critical functions of our new business. And James' merchandising talent and experience building a new men's business adds strength to our creative team. I look forward to their significant contributions to our new growth concept, which we expect to open in the fall of 2006." American Eagle Outfitters (NASDAQ:AEOS) is a leading lifestyle retailer that designs, markets, and sells its own brand of relaxed, casual clothing for 15 to 25 year olds, providing high-quality merchandise at affordable prices. AE's collection includes modern basics like jeans, cargo pants, and graphic Ts as well as a stylish assortment of cool accessories, outerwear and footwear. American Eagle Outfitters currently operates 777 AE stores in 49 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). and Puerto Rico, and 69 AE stores in Canada. AE also operates via its Web business, www.ae.com, which offers additional sizes and styles of favorite AE merchandise. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release contains forward-looking statements, which represent our expectations or beliefs concerning future events, specifically regarding the launch and growth of our new retail concept. All forward-looking statements made by the Company involve material risks and uncertainties and are subject to change based on factors beyond the Company's control. Such factors include, but are not limited to the risks associated with starting a new retail apparel brand, and those other risks described in the Company's filings with the Securities and Exchange Commission. Accordingly, the Company's future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. The Company does not undertake to publicly update or revise its forward-looking statements even if future changes make it clear that projected results expressed or implied will not be realized. |
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