The net revenue of American Eagle Outfitters’ (AEO) for the 13 weeks ended May 2, 2020, decreased by 38 per cent, to $552 million compared to $886 million for the 13 weeks ended May 4, 2019.

The company’s revenue by brands declined by 45 per cent, following a 5 per cent increase last year, while Aerie’s revenue decreased by 2 per cent, following a 28 per cent rise last year. Its digital demand, as measured by ordered sales, increased by 33 per cent. Aerie rose by 75 per cent and American Eagle increased 15 per cent.

The company experienced buying, occupancy and warehousing pressure due to the sales decline, Yet its customer engagement remained high as digital demand accelerated. The company 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.