'Great Jeans': Sydney Sweeney campaign fuels American Eagle rally
In a campaign called "Sydney Sweeney Has Great (American Eagle) Jeans," the company partnered with Sweeney for its fall season denim collection that includes a limited-edition denim jacket as well as a "The Sydney Jean."
The campaign is American Eagle's latest effort to drive up demand as the company navigates muted consumer spending and potential price hikes due to tariffs.
The retail industry in the United States has been struggling to spur demand as consumers grappling with financial constraints cut back on non-essential buys, including apparel and accessories.
In May, American Eagle pulled its annual forecasts due to tariff uncertainty, with the company primarily sourcing from China.
The Sweeney partnership is not the first time a celebrity tie-up has helped drive shares of a company. In 2020, Crocs (CROX.O), opens new tab shares jumped after singer Justin Bieber teased a collaboration with the shoe maker.
American Eagle has also previously teamed up with celebrities, including tennis player Coco Gauff and actress Jenna Ortega.
Sweeney's campaign, which launched on Wednesday and is reportedly the company's most expensive campaign to date, will also run across the exosphere of Las Vegas's 3D display orb Sphere.
Short interest in the company, whose shares were trading at $12.55 before the bell on Thursday, stood at 12.2% of public float, according to LSEG data.
The stock was the fourth-most trending ticker on Stocktwits, a social media platform for retail investors, indicating interest from individual traders who have boosted shares of retailer Kohl's (KSS.N), opens new tab and other highly shorted names in recent days.
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'He is smart, super high energy and genuinely cares about you!' The endorsement has been viewed 11.5 million times. —- —-
