American Eagle Outfitters to Launch Kids Concept

Pittsburgh American Eagle Outfitters said Thursday that it will launch a new children's apparel retail store called 77kids.

The retailer said the line will include clothing and accessories for children ages 2 to 10. The brand will launch online at www.77kids.com later this year, with U.S. stores planned for 2009.

American Eagle also said it expects 2008 earnings to grow 15%, in line with its long-term target.