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

Published on Tue, 12/21/2010 - 12:58
By FNN Staff in General Interest, aeo, aeo, aerie, american, aoyama, apparel, chain, clothing, district, dow, eagle, franchise, japan, joint venture, jones, opening, outfitters, retailer, shopping, store, sumikin bussan, tokyo, trading
aeo, aerie, american, aoyama, apparel, chain, clothing, district, dow, eagle, franchise, japan, joint venture, jones, opening, outfitters, retailer, shopping, store, sumikin bussan, tokyo, trading

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
root@fnn-online.com

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