2010年6月10日星期四

American Eagle to Open Stores in Hong Kong and Shanghai

"American Eagle to Open Stores in Hong Kong and Shanghai | AboutHK.Com - More Information About HK"

Allison Abell Schwartz, (Bloomberg)

American Eagle to Open Stores in Hong Kong and Shanghai

American Eagle Outfitters Inc., the teen retailer with more than 1,000 stores in North America, will open stores in China starting next year through a franchise agreement.

The first three of a “series” of stores will open in early 2011 in Hong Kong, Beijing and Shanghai, in partnership with Dickson Concepts (International) Ltd., Pittsburgh-based American Eagle said today in a statement.

American Eagle Chief Executive Officer Jim O’Donnell is focusing on international expansion to fuel growth. American Eagle started its first stores outside North America in March in Dubai and Kuwait City, also through a franchise.

“There is significant appetite for the American Eagle Outfitters brand internationally,” O’Donnell said in the statement.

American Eagle rose 14 cents, or 1.2 percent, to $12.21 at 4:01 p.m. in New York Stock Exchange composite trading. The shares have lost 28 percent this year.

Dickson Concepts operates over 400 retail stores throughout Asia, including Harvey Nichols.

--Editors: Cécile Daurat, John Lear

To contact the reporter on this story: Allison Abell Schwartz in New York at aabell@bloomberg.net This e-mail address is being protected from spambots. You need JavaScript enabled to view it

To contact the editor responsible for this story: Jennifer Sondag at jsondag@bloomberg.net

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