NEW YORK ( TheStreet) -- American Eagle Outfitters ( AEO) announced on Tuesday that it is shuttering its Martin + Osa concept.

This should come as a relief to American Eagle investors, as Martin + Osa has been a drain on American Eagle's business since its inception. In 2009 it recorded a loss of about $44 million.

American Eagle will now focus on its namesake concept, aerie, and children's brand 77kids.

All 28 Martin + Osa stores will close, as well as its online business -- moves that should be completed by the end of the year.

-- Reported by Jeanine Poggi in New York.

Follow TheStreet.com on Twitter and become a fan on Facebook.

If you liked this article you might like

Amazon Can't Even Be Stopped By a Massive Hurricane

Play Defense, Play the Dollar: Cramer's 'Mad Money' Recap (Tuesday 8/29/17)

Jackson Hole and a Solar Eclipse -- Week in Review

Market Rally Fades as Dow, S&P 500 and Nasdaq Finish Lower

Wall Street Holds Lower as Consumer, Defense Names Decline