WARRENDALE, Pa., May 3 /PRNewswire-FirstCall/ --
American Eagle Outfitters, Inc. (Nasdaq: AEOS) today announced the appointment
of George (Buck) Sappenfield to the new position of Executive Vice President
of Real Estate. Mr. Sappenfield joins American Eagle Outfitters from CBL &
Associates Properties, Inc. where he served as Senior Vice President of Asset
Management since May 2000. Prior to joining CBL, Mr. Sappenfield served over
17 years with the Real Estate Division of The Limited, Inc. rising to
President of Real Estate, a position he held from 1993 to 2000. Prior to his
career with The Limited, Inc., he was associated with Melvin Simon &
Associates from 1973 to 1983. Mr. Sappenfield will report to Jim O'Donnell,
Chief Operating Officer of American Eagle Outfitters.
"We are thrilled to welcome Buck to American Eagle," said Jim O'Donnell.
"He brings an extensive real estate background, which will be a tremendous
asset as we continue our new store opening plans and position the company for
future growth."
Charles B. Lebovitz, Chairman and CEO of CBL & Associates Properties, Inc.
noted, "Buck Sappenfield brought a great deal of expertise to our company, and
during the two years he was with us, he added greatly to the over-all
operation and in particular to our portfolio of more than 50 malls. We wish
him the very best in his new position with American Eagle and look forward to
continuing to do business together."
American Eagle Outfitters is a leading lifestyle retailer that designs,
markets and sells its own brand of relaxed, versatile clothing for 16- to
34-year-olds, providing high-quality merchandise at affordable prices. AE's
lifestyle collection includes casual basics like khakis, cargos, and jeans,
fashion tops like rugbys, polos, and graphic T's, and functional items like
swimwear, outerwear, footwear, and accessories.
AE's Canadian subsidiary, Thriftys/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 639 AE stores
in 48 states and the District of Columbia, 46 AE stores in Canada, and
112 Thriftys/Bluenotes stores in Canada. AE also operates via its Internet
business, ae.com.
"Safe Harbor" Statement: This release contains forward-looking statements,
which represent our expectations or beliefs concerning future events,
specifically regarding future growth. 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 future growth plans 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 of American Eagle Outfitters,
+1-724-779-5226
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