WARRENDALE, Pa., Dec. 1 /PRNewswire/ -- In step with its strategic growth
plan, American Eagle Outfitters, Inc. (Nasdaq: AEOS) today announced the
successful completion of the purchase of Thriftys/Bluenotes, Braemar and
National Logistics Services from Dylex Limited of Canada. With this
acquisition, American Eagle Outfitters will operate 116 Thriftys/Bluenotes
stores and will commence the conversion of approximately 47 Braemar locations
to American Eagle Outfitters stores.
"This expansion into the Canadian marketplace is an important one for the
American Eagle brand, as we continue to appeal to a growing and dynamic
customer base. We look forward to further developing the Bluenotes brand in
Canada, and have assembled an experienced Canadian management team to guide
our entry into this new market. Leading the team, are two seasoned managers
who have successfully led major private-label specialty retail chains in
Canada. We have appointed Mickey Maklin to President of Thriftys/Bluenotes
and Lora Tisi to President of AE Canada," said Jay Schottenstein, Chairman of
the Board and Chief Executive Officer of American Eagle Outfitters.
Mr. Maklin has 18 years of retail experience in Canada and served as
President of Thriftys since 1993. Mr. Maklin led the repositioning of
Thriftys/Bluenotes to become one of the leading casual apparel brands for
16-24 year old men and women in Canada. Currently, Thriftys/Bluenotes
operates 116 stores in Canada.
With 17 years of Canadian retail experience, Lora Tisi has been named
President of the American Eagle Outfitters Canadian division. Prior to
joining AE, Ms. Tisi was President and a Member of the Board of Directors of
the Northern Group, a division of Venator. The Northern Group is anchored by
its marquis brand, Northern Reflections, a leading private-label casual
apparel brand in Canada and the United States.
American Eagle Outfitters, Inc. is a specialty retailer of all-American,
casual apparel, accessories, and footwear for men and women between the ages
of 16 and 34. The Company designs, markets, and sells its own brand of
versatile, relaxed, and timeless classics like American Eagle jeans, cargos,
and T-shirts, providing high quality merchandise at affordable prices. The
Company currently operates 556 stores in 47 states and the District of
Columbia.
SOURCE American Eagle Outfitters, Inc.
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Related links:
http://www.ae-outfitters.com
Company News On-Call:
http://www.prnewswire.com/comp/104763.html or fax,
800-758-5804, ext. 104763
CONTACT:
George Kolber or Laura Weil of American Eagle
Outfitters, 724-776-4857
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