LOS ANGELES--(BUSINESS WIRE)--American Eagle Outfitters, Inc. (AEO) and Unibail-Rodamco-Westfield (URW) announced today that the companies signed leases for seven new Aerie® stores and two adjacent standalone OFFLINE™ by Aerie locations, opening in the second half of 2021 at URW’s flagship shopping destinations in the U.S.
“At AEO Inc., stores are a powerful tool for our omni-channel business and continue to be important for our brands,” said Andrew McLean, Chief Commercial Officer, AEO Inc. “Our approach to store openings is based on a deep understanding of customer and market potential. Future expansion in the Westfield Portfolio is based on achieving that potential and our core belief in engaging and serving new customers for both Aerie and the OFFL/NE by Aerie sub-brand.”
“We are proud to continue our relationship with AEO, Inc., especially as it embarks on a new strategy for its brands and its physical retail footprint,” said Colin Shaughnessy, executive vice president, U.S. Leasing at URW. “At URW, we have been focused over the last several years on ensuring we have the best assets in the best markets. That effort is now paying off, as we see really dynamic interest in our destinations as retailers hone their brick-and-mortar portfolio to focus on the most important locations.”
The new Aerie stores will open in Westfield Garden State Plaza in Paramus, N.J., Westfield Montgomery in Bethesda, Md., Westfield Old Orchard in Skokie, Ill., Westfield Plaza Bonita in National City, Calif., Westfield Southcenter in Seattle, Wa., Westfield South Shore in Bay Shore, N.Y., and Westfield Valley Fair in San Jose, Calif. The locations at Garden State Plaza and Montgomery will also feature adjacent storefronts featuring OFFLINE™ by Aerie, the new sub-brand offering a complete collection of activewear and accessories built for REAL movement and REAL comfort, launched in July 2020.
The announcement follows a variety of new lease signings and store openings within URW’s U.S. portfolio, including Chanel Beauty at Westfield UTC in San Diego; Christian Louboutin, Gentle Monster, Lady M Cakes, Polestar, Psycho Bunny and Reiss at Westfield Valley Fair in San Jose, Calif.; Gansevoort Market at Westfield World Trade Center in New York; Golden Goose and a Salvatore Ferragamo expansion deal at Westfield Topanga in Los Angeles; Under Armour at Westfield Annapolis in Maryland; and Urban Outfitters deals at Westfield Annapolis, Westfield Southcenter, and Westfield Valencia in Los Angeles.
About American Eagle Outfitters, Inc.
American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global specialty retailer offering high-quality, on-trend clothing, accessories and personal care products at affordable prices under its American Eagle® and Aerie® brands. Our purpose is to show the world that there’s REAL power in the optimism of youth. The company operates stores in the United States, Canada, Mexico, and Hong Kong, and ships to 81 countries worldwide through its websites. American Eagle and Aerie merchandise also is available at more than 200 international locations operated by licensees in 25 countries. For more information, please visit www.aeo-inc.com.
Aerie is a lifestyle brand offering intimates, apparel, activewear and swim collections. With the #AerieREAL™ movement, Aerie celebrates its community by advocating for body positivity and the empowerment of all women. Aerie believes in inspiring customers to love their real selves, inside and out. Retouching-free since 2014. Visit www.aerie.com to learn more. Let the Real You Shine®.
Unibail-Rodamco-Westfield is the premier global developer and operator of Flagship Destinations, with a portfolio valued at €56.3 Bn as at December 31, 2020, of which 85% in retail, 8% in offices, 5% in convention & exhibition venues and 2% in services. Currently, the Group owns and operates 87 shopping centres, including 53 Flagships in the most dynamic cities in Europe and the United States. Present on two continents and in 12 countries, Unibail-Rodamco-Westfield provides a unique platform for retailers and brand events and offers an exceptional and constantly renewed experience for customers.
With the support of its 3,400 professionals and an unparalleled track-record and know-how, Unibail-Rodamco-Westfield is ideally positioned to generate superior value and develop world-class projects. Unibail-Rodamco-Westfield distinguishes itself by its Better Places 2030 agenda, that sets its ambition to create better places that respect the highest environmental standards and contribute to better cities. Unibail-Rodamco-Westfield stapled shares are listed on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW), with a secondary listing in Australia through Chess Depositary Interests. The Group benefits from an BBB+ rating from Standard & Poor’s and from a Baa2 rating from Moody’s.
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