American Eagle Outfitters reports 14.1% same store sales increase.WARRENDALE, Pa.--(BUSINESS WIRE)--March 7, 1996--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 total sales for the four weeks ended March 2, 1996 increased 26.4% to $17.7 million from $14.0 million for the period ending Feb. 25, 1995. Last year's total sales included $1.3 million generated from outlet stores An outlet store or factory outlet is a retail store in which manufacturers sell their stock directly to the public through their own branded stores. The stores can be can be brick and mortar or online. which were sold in October 1995. Same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of increased 14.1% compared to the corresponding four week period last year. February sales results represent the first reporting period for the company's 1996 fiscal year. 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, noted sales of ladies apparel continues to perform well above expectations which should enhance overall gross margins. 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 277 stores located in 39 states throughout the country. CONTACT: American Eagle Outfitters Laura Weil, 412/779-5226 |
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