American Eagle Outfitters outlet stores sold.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 it sold 32 of its outlet stores, and a Distribution Center, to Forman Enterprises Inc., an entity owned by Sam Forman, the company's former president. The company expects to close most of the seven remaining outlet stores. The company estimates an after tax loss of $1.4 million, or $0.14 per share, in connection with the elimination of the outlet store operation. Jay Schottenstein Jay Schottenstein (born 1955) is an entrepreneur from Columbus, Ohio. Biography Jay is the son of Jerome Schottenstein and Geraldine Hoffman. Jerome established Schottenstein Stores Corp. and was active especially in supporting Jewish charities. , chairman and 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. , stated, "Management will now be able to focus its full attention to providing our customers, quality lifestyle casual apparel, at exceptional values, in a mall-based environment." American Eagle Outfitters, Inc. is a leading specialty retailer of quality men's and women's lifestyle casual apparel, footwear and accessories. The company operates 276 mall-based stores located in 39 states throughout the country. CONTACT: George Kolber, 908/632-2301 |
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