WARRENDALE, Pa., Jan. 21 /PRNewswire-FirstCall/ --
American Eagle Outfitters, Inc. (Nasdaq: AEOS) today announced the appointment
of Lora Tisi as President of its subsidiary, Bluenotes, Limited. Bluenotes
operates 114 Bluenotes/Thriftys stores in Canada and had total sales for the
forty-eight week period ended January 5, 2002 of U.S.$96.5 million. Ms. Tisi
was formerly President of American Eagle Outfitters Canada, Inc. and
previously served as President of the Northern Group, which operated a chain
of over 600 stores principally under the Northern Reflections banner as a
division of the Venator Corporation. She succeeds Mickey Maklin, who resigned
to pursue other interests.
Jim O'Donnell, Chief Operating Officer said, "Lora Tisi has done a
tremendous job launching the American Eagle Outfitters concept in Canada. I
am confident that she will do an excellent job leading the continued growth
and success of our Bluenotes/Thriftys operation."
Founded in 1977, the Company designs, markets, and sells the American
Eagle brand of relaxed, clean, and versatile clothing for 16 to 34 year olds,
providing high-quality merchandise at affordable prices. AE's lifestyle
collection offers casual basics like cargos complemented by fashion looks in
stretch, denim, and other modern fabrications. The Company also operates the
Bluenotes/Thriftys specialty apparel chain in Canada. Bluenotes/Thriftys
offers an urban inspired, denim-driven collection for 12 to 22 year olds. The
Company currently operates 631 American Eagle Outfitters stores in 47 states
and the District of Columbia, 46 American Eagle Outfitters stores in Canada,
and 114 Bluenotes/Thriftys stores in Canada. AE also operates via its
Internet business, ae.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: This release contains forward-looking statements, which represent our
expectations or beliefs concerning future events, specifically regarding the
continued success of our Bluenotes/Thriftys operation. All forward-looking
statements made by the Company involve material risks and uncertainties and
are subject to change based on factors beyond the Company's control. Such
factors include, but are not limited to, the risk that our plans for
Bluenotes/Thriftys may not be achieved, and those other risks described in the
Company's filings with the Securities and Exchange Commission. Accordingly,
the Company's future performance and financial results may differ materially
from those expressed or implied in any such forward-looking statements. The
Company does not undertake to publicly update or revise its forward-looking
statements even if future changes make it clear that projected results
expressed or implied will not be realized.
SOURCE American Eagle Outfitters, Inc.
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Related links:
http://www.ae.com
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/104763.html
CONTACT:
Laura Weil or Judy Meehan, both of American
Eagle Outfitters, +1-724-776-4857
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