American Eagle, the renowned US fashion retailer, seems to be benefitting from its recent acquisition of Quiet Logistics.
In a recent Q4 earnings call, the executives said that the retailer has now been able to reduce the delivery times by around 35 per cent.
The acquisition of Quiet Logistics has, reportedly, allowed American Eagle to cut down on excess store inventory by fulfilling closer to the sites.
Notably, the retailer plans to roll out the Quiet Logistics’ service to other retailers, hoping the business to make profits in 2023.
Substantiating more on the acquisition, Michael Rempell, COO, American Eagle, averred that the acquisition of Quiet Logistics, along with the previous acquisition of AirTerra, creates a state-of-the-art supply chain platform that the retailer will look to monetise by growing its third-party customer base.
Importantly, Quiet Logistics is now helping the clothing retailer do more with less inventory and compete with bigwigs like Amazon and Target.
As of January 2021, American Eagle Outfitters, Inc. operated 901 American Eagle stores, 175 Aerie stores and 2 Todd Snyder stores in the US, Canada, Mexico and Hong Kong. The company generated revenue of US $ 3.759 billion in 2020.
