American Eagle Outfitters, Inc. Introduces AEO Real Change Scholarship for Social Justice
October 22 2020 - 8:00AM
Business Wire
Company Commits $5 Million to Promote Higher Education, Inspire
Systemic Change and Transform Lives
American Eagle Outfitters, Inc. (NYSE: AEO) announced today the
AEO REAL Change Scholarship for Social Justice, a $5 million
commitment created to advance educational opportunities for full
and part-time AEO Inc. associates, who are actively driving
anti-racism, equality and social justice initiatives.
“We have always believed that one of the best investments we can
make is in our people. The REAL Change Scholarship for Social
Justice demonstrates AEO’s commitment to help end racism,
discrimination and inequality while providing educational support
for the next generation of leaders,” said Jay Schottenstein,
Executive Chairman of the Board and Chief Executive Officer, AEO
Inc. “Together we are making real—and lasting—change to build an
even stronger, more diverse workplace that provides opportunities
for our associates to continue to develop and grow within our AEO
family.”
About the AEO REAL Change Scholarship for Social Justice:
- The scholarship will be open to all full-time and part-time
associates based on academic performance, financial need and a
demonstrated commitment to advancing social justice issues that
will create lasting and positive change.
- In its first year, the program will select 15 recipients, each
eligible for up to $40,000 during their pursuit of a post-secondary
education.
- Recipients will be assigned an AEO Inc. mentor to serve as a
resource in furthering their development and social justice
efforts.
- Beyond this program, AEO Inc. will offer tuition reimbursement
as a benefit to qualifying associates to further promote and build
upon education and recruiting opportunities at the company.
- The AEO REAL Change Scholarship for Social Justice will begin
accepting applications in spring 2021.
AEO Inc. and the American Eagle and Aerie brands are a
reflection of their associates and customers—different ages,
abilities, genders, cultures, sexual orientations and identities,
and races. The AEO REAL Change Scholarship for Social Justice is
the latest step the company has taken as part of its broader
Inclusion & Diversity initiatives that has been focused on
three key workstreams: Hiring, Culture and Development.
AEO’s ongoing commitments to education and Inclusion &
Diversity include the following:
- Earlier this year, the company named a Chief I & D officer
to lead and further advance AEO’s efforts to strengthen the career
development of Black and POC associates, increase representation of
diverse candidates in hiring, promote education and awareness, and
equip leaders and teams with the tools to maintain an inclusive
workplace.
- In June, AEO Inc. made a $500,000 pledge to the NAACP Legal
Defense and Education Fund to support their education equity work
and scholarships for exceptional African-American students. The
company also matched up to $100,000 in donations made by AEO
associates to organizations fighting against racism and for social
justice.
- The company also implemented a program with the National Retail
Federation to provide retail career education for students
attending HBCUs.
- AEO remains dedicated to supporting causes that uphold the
company’s values and make a lasting difference in the lives of
those in its communities, like its work with The Pittsburgh
Promise, It Gets Better Project and Big Brothers Big Sisters
Workplace Mentoring, among others.
To learn more, visit www.aeo-inc.com.
About American Eagle Outfitters, Inc.
American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global
specialty retailer offering high-quality, on-trend clothing,
accessories and personal care products at affordable prices under
its American Eagle® and Aerie® brands. Our purpose is to show the
world that there’s REAL power in the optimism of youth. The company
operates stores in the United States, Canada, Mexico, and Hong
Kong, and ships to 81 countries worldwide through its websites.
American Eagle and Aerie merchandise also is available at more than
200 international locations operated by licensees in 25 countries.
For more information, please visit www.aeo-inc.com.
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Olivia Messina Phone: 412.432.3300 Email: linemedia@ae.com
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