By Glenn Demby
American Eagle Outfitters holds only 1.16% of the U.S. apparel market, according to Forbes, and its share is growing none too fast. Faced with a saturated and mature market at home, Eagle is looking to grow by signing licensing agreements abroad. Eagle, which currently has 111 licensed stores in 17 countries and earns 12% of its total revenues abroad (as compared to 9% in 2009), is on what Forbes describes as “a licensed store opening frenzy.” This year alone, Eagle plans to open 40 new foreign stores and has announced expansion into five new markets including Chile and Peru (Eurofashion Limitida licensee), Singapore (Trendz 360), South Korea (SK Networks) and Greece (Notos Com Holdings).