Leading teen retailer,
American Eagle Outfitters Inc.
), makes further progress on its international expansion plans as
it announces its entry into the United Kingdom with the opening of
three new company-owned and operated stores.
In England, American Eagle will debut at the Bluewater premier mall
in Kent as well as the Westfield Group's London and Stratford City
shopping centers. Apart from luring England's masses with the
American Eagle Outfitters brand, the stores coming up at the
Westfield centers will also feature the company's aerie brand in
the form of shop-in-shops. All of these stores are slated to open
doors in the English autumn of 2014.
The Westfield Group London centers are located in the thick of the
U.K. market with a footfall of nearly 66 million shoppers every
year. On the other hand, Bluewater happens to be one of the biggest
and flourishing retail locations in the country with over 28
million shoppers walking in every year.
The company is confident of gaining significant exposure as it
launches its first set of outlets in the three most popular
shopping destinations in the U.K. The company's American Eagle
Outfitters and aerie brands have seen incredible global demand,
driving its strategy to expand internationally.
Though the company's earnings performance has been dismal for quite
some time now, we remain impressed by its transformation plans
focused on strengthening product assortments, store
rationalization, diligent inventory management and e-Commerce
growth. Further, we believe the company's international expansion
plans together with its omni-channel growth provides significant
opportunity to expand its business and cater to worldwide demand.
Currently, American Eagle carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
Some better-ranked stocks worth considering in the sector include
Citi Trends Inc.
Christopher & Banks Corp.
Foot Locker Inc.
). While Citi Trends and Christopher & Banks sport a Zacks Rank
#1 (Strong Buy), Foot Locker carries a Zacks Rank #2 (Buy).
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