American Eagle Outfitters, Inc. (NYSE: AEO) is a Pittsburgh-headquartered specialty apparel retailer that has spent nearly five decades selling jeans to teenagers and young adults - and, more recently, learning how to sell a great deal more than jeans. Founded in 1977 by brothers Jerry and Mark Silverman, the company now runs a five-brand portfolio: the namesake American Eagle denim and casualwear label; Aerie, the intimates and swim brand built on unretouched imagery; OFFLINE by Aerie in activewear; Todd Snyder in premium menswear; and Unsubscribed, a slow-fashion experiment. Fiscal 2025 revenue reached roughly $5.5 billion across about 1,168 company-operated stores, 357 internationally licensed locations, and a digital business spanning ae.com, aerie.com and toddsnyder.com. The company describes its flagship as the leading jeans brand for US shoppers aged 15 to 25. Its recent story is one of divergence: Aerie crossed $2 billion in trailing-twelve-month revenue and posted 25% comparable-sales growth in the first quarter of fiscal 2026, while the American Eagle brand has been flatter - even after the widely debated Sydney Sweeney denim campaign of July 2025 delivered what management called unprecedented new-customer acquisition.
Adore Me is a New York-based intimates brand that set out in 2011 to sell well-made bras and lingerie at prices a student could afford, and ended up rewriting how the category is merchandised. Founded by Harvard MBA Morgan Hermand-Waiche, the company paired a wide size range (30-46 bands, A-I cups) with a monthly membership, an at-home try-on box, and an unusually large in-house engineering group in New York and Bucharest that built roughly 15 internal tools for planning, sourcing, and personalization. It reached an estimated $250 million in sales and more than 1.2 million active customers before Victoria's Secret & Co. acquired it in a deal announced November 2022 at $400 million cash upfront plus earnouts, closing January 2023. Adore Me became the only US lingerie brand certified as a B Corporation in 2022. Under its parent it has since narrowed: the founder departed in August 2025, the VIP subscription that defined the model ended in February 2026, and Victoria's Secret recorded a $120 million impairment on the business that same quarter.
FULLBEAUTY Brands is a New York-based online retailer and holding company dedicated to plus-size and extended-size fashion for women and men. Tracing its roots to 1901, it operates a portfolio of 15+ brands - including Woman Within, Roaman's, Catherines, Jessica London, ELOQUII, CUUP, Swimsuits For All, KingSize, Avenue, Dia & Co and BrylaneHome - serving customers in sizes 12 and up with apparel, intimates, swimwear, shoes, accessories, beauty and home goods. Once a catalog mail-order pioneer, the company now positions itself as a digital-first destination and marketplace for inclusive fashion.
Honeylove is a Los Angeles-based direct-to-consumer apparel company that designs shapewear, wireless bras, and everyday intimates engineered with targeted compression and supportive panels. Founded in 2018 by former EDM vocalist Betsie Larkin after she couldn't find shapewear that stayed in place on stage, the brand built its reputation on no-roll construction and comfort-first engineering. It has grown from a $300K Kickstarter and a Y Combinator batch into a nine-figure-revenue business serving more than 3 million customers, backed by a $13M Series A led by Lightspeed Venture Partners.
Torrid is a California-based direct-to-consumer retailer of plus-size women's apparel and intimates, designing trend-driven clothing in sizes 10 to 30. Launched in 2001 as a Hot Topic concept and public on the NYSE since 2021 under ticker CURV, the brand pairs a digitally led e-commerce business with a fleet of specialty stores, and builds fit authority by developing garments on live plus-size fit models rather than grading up smaller patterns.
Victoria's Secret & Co. is a Columbus, Ohio-based specialty retailer of lingerie, intimates, beauty and fragrance, operating the Victoria's Secret, PINK and Victoria's Secret Beauty brands along with the digital-first label Adore Me. Spun off from L Brands as an independent NYSE-listed company (VSCO) in 2021, it sells bras, panties, sleepwear, activewear, body care and fragrance through roughly 1,300 retail stores, a global network of partner-operated locations and a large e-commerce operation. With about $6.55 billion in fiscal 2025 revenue and around 31,000 employees, the company is pursuing a turnaround that pairs a revived Victoria's Secret Fashion Show with a broader, more inclusive brand message.
Savage X Fenty is Rihanna's inclusive lingerie, loungewear and apparel brand, launched in 2018 as a joint venture with TechStyle Fashion Group. Built around radical size inclusivity (30+ bra sizes, XS-4X), it sells direct-to-consumer through an Xtra VIP membership model and an expanding wholesale footprint in Nordstrom, Galeries Lafayette and Selfridges. Backed by L Catterton, Neuberger Berman and Advent International, the company reached a reported $1 billion valuation and turned an annual Amazon Prime Video runway show into an Emmy-winning cultural event. It positions itself as the inclusive, unapologetic alternative to the old Victoria's Secret playbook.