American Eagle Outfitters Up 0.4% on News of Japan Store Ope

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Shares of U.S. casual-wear retailer American Eagle Outfitters (AEO) are fractionally higher on news it will open its doors in Japan this spring via a franchise contract with the men's suit retailer Aoyama Trading Co., according to Dow Jones Newswires. Aoyama said its joint venture with the trading house Sumikin Bussan Corp. has signed a contract for franchise store chain in Japan for "American Eagle Outfitters" and "Aerie" brands. It is scheduled to open a flagship store in Tokyo's upscale Omotesando shopping district in the spring of 2011. American Eagle shares are up 0.41%, or $0.06, to $14.82.

By FNN Staff

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