American Eagle Outfitters' shakes up logistics subsidiary's leadership

The CEO and COO of Quiet Platforms are out after the logistics subsidiary of American Eagle Outfitters failed to turn a profit since its creation in 2021. "We must pull back on expenses to reset the business," said a company spokesperson. "This is necessary to improve profitability, particularly given prevailing macro headwinds. We believe Quiet will continue to deliver results for AEO, and over time has the potential to be a meaningful and profitable third-party logistics provider. With the support of our experienced leadership team, we remain focused on driving the business forward."