WARRENDALE, Pa., March 7 /PRNewswire/ --
American Eagle Outfitters, Inc. (Nasdaq: AEOS) today announced total sales
for the four weeks ended March 3, 2001 increased 31.8% to $61.1 million from
$46.4 million for the period ended February 26, 2000. Total sales for the
four weeks ended March 3, 2001 includes $5.3 million from the
Thrifty's/Bluenotes operation that was acquired effective October 29, 2000.
American Eagle Outfitters' U.S. sales for the four weeks ended March 3,
2001 increased 20.3% to $55.8 million from $46.4 million for the period ended
February 26, 2000. U.S. same store sales for the four weeks ended March 3,
2001 decreased 4.5% compared to the corresponding four-week period ended
March 4, 2000.
Founded in 1977, the Company designs, markets, and sells its own 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. Thrifty's/Bluenotes targets a slightly younger
demographic, offering a more urban/suburban, denim-driven collection for 12 to
22 year olds. American Eagle Outfitters currently operates 557 American Eagle
Outfitters stores in 47 states and the District of Columbia, and
109 Thrifty's/Bluenotes stores in Canada. AE also operates via its Internet
business, ae.com.
To access our recorded monthly sales commentary, please call 724-779-6601.
On March 15, 2001, American Eagle Outfitters will report financial results
for the fourth quarter of fiscal 2000. At 9:00 a.m. ET, on March 15, the
Company's management team will host a conference call to review the financial
results. To listen to the call, dial 719-457-2641 at least ten minutes prior
to the start of the call. The conference call will also be simultaneously
broadcast over the internet at http://www.ae.com.
SOURCE American Eagle Outfitters, Inc.
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Related links: http://www.ae.com
Company News On-Call: http://www.prnewswire.com/comp/104763.html or fax, 800-758-5804, ext. 104763
CONTACT: Laura Weil or Judy Meehan of American Eagle Outfitters, 724-776-4857
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