Connect with us

Hi, what are you looking for?

Jewish Business News

Business

American Eagle Outfitters looks for new CMO

American Eagle and its sister brand Aerie delivered strong sales and earnings growth across channels.

American_Eagle_Outfitters_Store

 

American Eagle Outfitters is looking for a CMO as Michael Leedy looks to step down from 15 September 2015, after more than four years, following a two year stint as CMO at Chico’s. He also worked with American Eagle Outfitters from 1994 to 2006.

According to a statement from the American Eagle Outfitters Leedy will be serving in an advisory role when needed, to ensure a smooth transition.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Roger Markfield, executive creative director said. “Leedy was instrumental in establishing our early brand DNA, our loyalty program and significantly influenced initiatives such as the launch of the AEO direct business. We have an outstanding creative marketing team and I am confident that we will find a strong successor to build on our success and lead us into the future. ”

Leedy’s departure comes amidst the company seeing its total net revenue increased 12% to a record $797 million from $711 million last year. Consolidated comparable sales increased 11%, compared to a 7% decrease last year.

According to Jay Schottenstein, interim CEO of the company, both American Eagle and its sister brand Aerie delivered strong sales and earnings growth across channels.

“The team is delivering exceptional execution, and our customers have taken notice of improvements to our merchandise and overall customer experience. […]We have two of the best-positioned brands in the marketplace today, and we are well poised to capitalise on our strengths. We have vast opportunity for ongoing improvements and will strive to deliver continued growth and returns to our shareholders.”

The company operates more than 1, 000 stores in the United States, Canada, Mexico, China, Hong Kong and the United Kingdom, and ships to 81 countries worldwide through its websites. American Eagle Outfitters and Aerie merchandise also is available at 116 international stores operated by licensees in 19 countries. For more information, please visit .

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.