Dive Brief:
Pent-up demand and rising store traffic helped push American Eagle Outfitters’ second quarter net revenue up 35% year over year to $1.19 billion. By brand in the period, American Eagle revenue rose 35% to $846 million and Aerie revenue rose 34% to $336 million.
Store revenue rose 73% year over year, which helped push e-commerce down 5%, per a press release. Compared to 2019, store revenue rose 4% and digital rose 66%. Thanks to margin growth, the company swung to net income of $121.5 million from its year-ago $13.8 million loss.
On a call with analysts, the apparel retailer disclosed that it has bought e-commerce logistics provider AirTerra, and is looking to make more similar acquisitions.
Source: Retail Dive
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