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.

More from Stocks

Danica Patrick's Final Race at 2018 Indianapolis 500: What She Thinks About Cars

Danica Patrick's Final Race at 2018 Indianapolis 500: What She Thinks About Cars

Why The FANG Stocks' Dominance May Not Be So Bad For The Market

Why The FANG Stocks' Dominance May Not Be So Bad For The Market

At End of May, Investors Signalling They May Stay Away

At End of May, Investors Signalling They May Stay Away

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever