American Eagle Outfitters to open stores in Peru and Chile

Pittsburgh -- American Eagle Outfitters is expanding its global retail presence with a series of licensed stores throughout Chile and Peru, building on existing growth markets throughout the region, including Colombia, Panama and the Caribbean, as well as company owned stores in Mexico.



The company has signed a multi-year license agreement with Eurofashion Limitada, a leading Chilean company and division of the Cencosud S.A. Group specialized in developing national and international fashion brands.



The first stores are expected to open in Chile in the third quarter of 2015 and in Peru in early 2016.



American Eagle Outfitters currently has 102 licensed stores in 17 countries. The company currently expects to open approximately 40 licensed stores in 2015.