American Eagle Outfitters Raises Guidance, COO Makes an Exit — Retail Bum

American Eagle Outfitters (AEO) long-term operations chief, Michael Rempell, will be leaving his position in early fiscal 2024 to pursue other interests.

During his 23-year-long career with the specialty retailer, Rempell worked in various senior leadership roles, including chief information officer and supply chain officer. In his current position, he manages all aspects of the supply chain, ranging from production to distribution. He also oversees digital commerce, technology, customer operations, and the store organization for the AE, Aeries, and Todd Snyder brands.

“For over two decades, Michael has been a valuable member of our executive team and I am grateful for his numerous contributions,” said Jay Schottenstein, executive chairman and chief executive officer. “He has been a strategic leader and instrumental in taking the company from $1 billion to over $5 billion in revenue, investing in technology and infrastructure that created AEO’s world-class operations and made us an innovator in our space.”

While AEO is kicking off its search for a replacement, Rempell is expected to stay on for a smoother transition.

Rempell’s departure comes on the heels of the company’s revision of its second-quarter forecast. AEO now expects its revenue to…