American Eagle Plans up to 250 Store Closures, Looks to Aerie for Growth
Retail TouchPoints
JANUARY 22, 2021
By 2023, the company aims to have 500 to 600 Aerie stores in operation and expects revenue from this brand to double to $2 billion. With American Eagle revenue expected to remain roughly flat through 2023, Aerie will be the driver of growth for the organization over the next few years, said Mike Mathias, CFO of AEO.
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