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American Eagle Inks Overseas Deals

The teen retailer is expanding its presence in the Americas and in Asia-Pacific.

American Eagle Outfitters Inc. is expanding its presence in the Americas and in Asia-Pacific.

The teen retailer has signed three new licensing agreements for stores that are set to begin opening in time for back-to-school in 2014.

According to Simon Nankervis, senior vice president for the Americas and global licensing, one agreement is with Grupo David Enterprises. That contract covers Venezuela, the Caribbean Islands and, in Central America, the countries of Panama, Costa Rica, Honduras, Guatemala, El Salvador, Nicaragua and Belize.

A separate agreement was signed with Grupo Comercializadoras for Colombia.

In Asia-Pacific, the retailer signed an agreement with Pacifica Lifestyle Co. for stores in Thailand.

All agreements are for two, five-year tranches. Each agreement also allows the licensing partner to open aerie concept shops-in-shop or side-by-side stores.

Separately, Nankervis said the company’s first overseas freestanding aerie concept store opened Tuesday in a mall in Israel. The store is about 894 square feet and is not next to an American Eagle site.

While many of the stores in the U.S. are about 7,000 square feet, Nankervis said those overseas range on average from 4,000 square feet to over 7,000 square feet, depending on location and availability of real estate.

The next overseas American Eagle store slated to open is in Shanghai on Dec. 24.

Robert Hanson, American Eagle’s chief executive officer, said, “As we continue to execute upon our strategic plan for global expansion, we are eager to introduce our brands to these growing and lively international locations.”

American Eagle currently has 62 stores internationally. It operates its own stores in China, Hong Kong and Mexico. The other overseas locations are licensed operations. The licensed stores include those in the United Arab Emirates, Kuwait, the Russian Federation, Saudi Arabia, Lebanon, Jordan, Morocco, Egypt, Israel, Japan, Poland and the Philippines.