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It also holds an ownership interest in American Eagle Outfitters, Wehmeyer in Germany, Cold Stone Creamery, The Mazel Company, Gidding-Jenny, [3] Shiffren Willens jewelry stores, and Sara Fredericks boutiques. [4] Schottenstein had operated the chain of Value City discount department stores.
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In 1976, Schottenstein began working in his father's business, joining Value City Furniture. [7] [citation needed]Schottenstein became chairman of American Eagle Outfitters in 1992 and held the position of CEO from 1992 to 2002, and since December 2015. [2]
American Eagle Outfitters announced on May 15, 2012, that it would sell or close all 22 77kids stores by the end of July 2012. [ 26 ] [ 27 ] Robert Hanson, who became CEO in January 2012, said 77kids had a loss after taxes of roughly $24 million on sales of $40 million in the 2011 fiscal year.
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Ohio's first Giant Eagle “Market District” was built a year later. The 110,168 square-feet store was built just south of the original store in place of the old Stein Mart building. It features a cafe, wine and beer store, exotic foods, an on-site dietitian, beauty specialist, cooking classes, and more. [34] [35]