Who owns american eagle

Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk. Advertise with us. All rights reserved. Data Disclaimer Help Suggestions. Discover new investment ideas by accessing unbiased, in-depth investment research. Jay L. Michael A. Michael R. Charles F. We are curious, enterprising and resourceful. Our associates embody entrepreneurial spirit, develop creative solutions and initiate change.

We continually refine the unique processes that drive our business, and we use insightful research and analysis to balance our instinct and to guide our decisions. We celebrate achievements.

Because we respect and trust one another and commit ourselves to our company goals, our teamwork succeeds. Fortifying our core brands Growing our North American presence Transforming American Eagle Outfitters from a leading domestic teen retailer into a distinctive branded, multi-channel business that can successfully and profitably compete on a global stage.

In , we established the American Eagle Outfitters Foundation to maximize the impact of our efforts and formalize our commitment. Our giving takes many forms ranging from national charity partnerships and customer engagement promotions to major community initiatives, international giving and associate activities.

To learn more about ways that AEO Inc. Jobs Help. Who We Are. My Profile. Create and manage profiles for future opportunities. The company also operates a small distribution center, Eagle Trading, in Mexico. To keep up with the latest fashion trends, the company employs an in-house design team, whose merchandise designs are then manufactured to specification by outside vendors or by American Eagle's manufacturing subsidiary, Prophecy Ltd.

Customer credit is offered through an American Eagle Outfitters credit card. Approximately 26 percent of the company's stock is owned by the Schottenstein family, whose Schottenstein Stores Corp. Jay L. Markfield and James V. Schottenstein remained as chairman of the board. The Silverman family owned and operated Silvermans Menswear, and by the mids two brothers--in the third generation of Silvermans in the family business--were running things: Jerry Silverman, president and CEO, and Mark Silverman, executive vice-president and COO.

The Silverman brothers believed that they needed more than one concept to continue growing their company--that the addition of other chains would then enable them to operate more than one store in the same mall.

They thus opened the first American Eagle Outfitters store in , positioning it as a seller of brand-name leisure apparel, footwear, and accessories for men and women, with an emphasis on merchandise geared toward outdoor sports, such as hiking, mountain climbing, and camping.

American Eagle quickly established itself as a mall store able to attract an unusually wide array of shoppers, although its "rugged" offerings were geared more toward men. And with a nationally distributed mail-order catalog supporting the retail units, the new chain quickly became a key competitor not only to such established retailers as The Gap but also to such venerable catalogers as L.

Bean and Lands End. That same year, the Silvermans ran into some financial difficulties and sold a 50 percent stake in RVI to the Schottenstein family. Schottenstein Stores was founded in the early 20th century by E. Also in RVI added 34 new stores to its existing Many of these were American Eagle units, as the company began that year to concentrate more of its resources on American Eagle, which was achieving rapid sales growth, than on Silvermans, whose sales were being hurt from increasing competition, particularly from discount chains.

RVI also spun off to the Silverman family the store Help-Ur-Self chain, which had performed reasonably well but was not considered synergistic with American Eagle. The company planned to aggressively expand its sole remaining chain by as many as stores over the following three years. It began to implement this plan but only after The Gap had approached RVI in early about buying American Eagle and after negotiations to do so had fallen through.

Although the chain clearly had potential for growth, in the midst of the recessionary early s American Eagle was saddled with dated inventory that brought low profit margins. With brand-name apparel increasingly being offered by various clothing chains, catalogers, and discounters, American Eagle was facing increasing competition.

High management turnover also contributed to the chain's difficulties during this period. By mid American Eagle had grown to stores--not nearly the expansion rate envisioned two years earlier--and sales had stagnated.

In a deal designed to position American Eagle for renewed growth, the Schottenstein family bought the 50 percent of RVI owned by the Silverman family, giving the Schottensteins full control of the company and its only chain. The Schottensteins also hired Roger Markfield as president and "chief merchant.

Under its new ownership and leadership, the chain was repositioned in to focus on private-label casual apparel for men and women, while retaining the outdoor-oriented look for which it was best known. It hired its own cadre of designers and began developing its own sources of merchandise. The private label strategy was intended to position American Eagle merchandise as value priced.

The company also began opening American Eagle outlet stores to reduce its inventory of out-of-season and branded clothing items. American Eagle's fiscal year was its best year to date, evidence that the repositioning was working.