U.S. Markets closed
  • S&P 500

    4,662.85
    +3.82 (+0.08%)
     
  • Dow 30

    35,911.81
    -201.79 (-0.56%)
     
  • Nasdaq

    14,893.75
    +86.95 (+0.59%)
     
  • Russell 2000

    2,162.46
    +3.02 (+0.14%)
     
  • Crude Oil

    84.55
    +0.73 (+0.87%)
     
  • Gold

    1,817.30
    +0.80 (+0.04%)
     
  • Silver

    22.96
    +0.04 (+0.18%)
     
  • EUR/USD

    1.1412
    -0.0048 (-0.4222%)
     
  • 10-Yr Bond

    1.7720
    +0.0610 (+3.57%)
     
  • Vix

    19.19
    -1.12 (-5.51%)
     
  • GBP/USD

    1.3669
    -0.0041 (-0.2980%)
     
  • USD/JPY

    114.3120
    +0.1320 (+0.1156%)
     
  • BTC-USD

    43,189.68
    -137.73 (-0.32%)
     
  • CMC Crypto 200

    1,037.76
    +12.03 (+1.17%)
     
  • FTSE 100

    7,542.95
    -20.90 (-0.28%)
     
  • Nikkei 225

    28,124.28
    -364.82 (-1.28%)
     

American Eagle Spent Big on Logistics. How Retail Is Changing.

·3 min read
American Eagle Spent Big on Logistics. How Retail Is Changing.
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Investors got a jolt Wednesday when American Eagle Outfitters announced the acquisition of Quiet Logistics, an operator of automated distribution centers near city centers, for $350 million. Quiet Logistics wasn’t even American Eagle’s first logistics buy: The retailer bought AirTerra, which focuses on middle-mile logistics, earlier in 2021. Quiet’s business enables American Eagle (ticker: AEO) and Quiet’s other customers to better manage store inventory and e-commerce fulfillment, both critical to retail success.