Yahoo Finance American Eagle Outfitters Marks 30 Years on Wall Street
American Eagle Outfitters Inc. touched back down on Wall Street Tuesday to mark 30 years as a public company.
Jay Schottenstein, executive chairman and chief executive officer, rang the opening bell at the New York Stock Exchange, flanked by Jennifer Foyle, president, executive creative director of American Eagle and Aerie, and other members of the company’s leadership.
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The company, which opened its first store in 1977, went public on the Nasdaq exchange in 1994 and began trading on the NYSE under the “AEO” symbol in 2007.
“It’s an incredible honor to be able to celebrate AEO and our 30-year anniversary as a public company with so many of our associates and executive leadership team,” Schottenstein said. “Since we began trading on the NYSE, we have truly valued the exchange’s strong partnership and support as we’ve continued to grow our portfolio of enduring and beloved brands. Today, we are at a pivotal moment for AEO and I have never been more optimistic about our future.”
Shares of the company ticked up 0.3 percent to $19.39.
It’s been a good year for the retail stock, which is up 33.9 percent over the past 12 months.
The retailer was also commemorating a decade of “the #AerieReal movement,” which seeks to inspire women to be their authentic selves, as well as two decades of American Eagle’s Live Your Life brand platform, which looks to inspire the brand’s youngest consumers to “do the things they love in the clothes that make them happy.”
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