American Eagle Outfitters reports 41.4% January sales increase.WARRENDALE, Pa.--(BUSINESS WIRE)--Feb. 8, 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 reported total sales for the five week period ended Feb. 3, 1996 increased 41.4% to $20.3 million versus $14.4 million for the four week period ended Jan. 28, 1995. The company's 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 5.6% for the five weeks ended Feb. 3, 1996 compared to the same five week period ended Feb. 4, 1995. For the twenty-seven weeks ended Feb. 3, 1996 compared to the twenty-six weeks ended Jan. 28, 1995, total sales increased 29.9% to $218.2 million from $167.9 million. Same store sales for the twenty-seven weeks ended Feb. 3, 1996 were 5.4% compared to the same twenty-seven week 1995 period. 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 chief executive officer noted that sales increases were achieved with significantly lower inventory levels. He also noted that sales of Spring merchandise were particulary strong. American Eagle Outfitters Inc. is a leading speciality retailer of quality men's and women's lifestyle casual apparel, footwear Footwear consists of garments worn on the feet. It is worn for a variety of reasons, including protection against the environment, hygiene and adornment. Usually, socks and other hosiery are worn between the feet and the footwear, except for sandals and flip flops (thongs). and accessories. The company operates 274 stores located in 39 states throughout the country. Last year the company operated 176 stores. CONTACT: Laura Weil/George Kolber 412/776-4857 |
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