In an effort to gain more control over its supply chain, American Eagle Outfitters (AEO) announced Tuesday it had acquired one of its logistics partners, Quiet Logistics, for $350 million in cash.
Known for its 2015 spun-off company Locus Robotics, Quiet Logistics uses its large network of technology-driven fulfillment centers in Boston, Chicago, Los Angeles, Dallas, St. Louis and Jacksonville, Florida, to innovate more than 50 large direct-to-consumer brands by bringing their fulfillment...