Aeropostale, Inc. and Apparel Group LLC Open Aeropostale's First Store in
NEW YORK, March 31 /PRNewswire-FirstCall/ -- Aeropostale, Inc. (NYSE:
ARO), a mall-based specialty retailer of casual and active apparel for young
women and men, today announced the opening of its first international store
outside North America. The new store is located in Dubai, UAE at the Oasis
Centre Mall and showcases Aeropostale's spring 2009 collection in the
Company's latest store design. Aeropostale selected Apparel Group LLC as its
licensee to open and operate its mall-based stores in the Middle East.
Aeropostale and Apparel Group expect to open more than 20 stores in the
region, including flagship locations in premiere malls.
Julian R. Geiger, Chairman and Chief Executive Officer of Aeropostale,
Inc. stated, "We are excited to bring Aeropostale stores to the Middle East
and plan to expand our store base aggressively in UAE, Kuwait, Bahrain, and
Qatar over the next few years. This region has become a major shopping
destination with some of the best-known malls in the world. We understand the
importance of choosing the right partner and we believe that Apparel Group
brings great expertise to building brands and operating licensed stores. This
new venture in Dubai will enable us to introduce the Aeropostale brand in new
markets overseas and lay the groundwork for what we believe can be a greater
expansion of the brand globally."
Commenting on Aeropostale's launch in Dubai, Mr. Nilesh Ved, Chairman of
Apparel Group LLC said, "We are extremely proud to be associated with
Aeropostale, a company that sets the benchmark for excellence in the
teen-apparel marketplace with its combination of great fashion at compelling
prices. Aeropostale will enhance our collection of international fashion and
lifestyle brands, and we believe it will be extremely successful in the
About Aeropostale, Inc.
Aeropostale, Inc. is a mall-based, specialty retailer of casual apparel
and accessories, principally targeting 14 to 17 year-old young women and men.
The Company provides customers with a focused selection of high-quality,
active-oriented, fashion and fashion basic merchandise at compelling values.
Aeropostale maintains control over its proprietary brands by designing,
sourcing, marketing and selling all of its own merchandise. Aeropostale
products can only be purchased in its stores or on-line through its e-commerce
website (www.aeropostale.com). The Company currently operates 874 Aeropostale
stores in 48 states and Puerto Rico, and 29 Aeropostale stores in Canada.
About Apparel Group LLC
Apparel Group LLC is a leading Fashion & Footwear retailer with over 500
stores and more than 50 international brands. Apparel Group has stores in
UAE, Kuwait, Qatar, Bahrain, Oman, Jordan, Saudi Arabia, India, Poland,
Russia, Indonesia, Thailand, Singapore and Malaysia. It represents reputed
international brands such as Aldo Shoes, Kenneth Cole, La Senza, Mango, Nine
West, and Tommy Hilfiger.
SPECIAL NOTE: THIS PRESS RELEASE AND ORAL STATEMENTS MADE FROM TIME TO
TIME BY REPRESENTATIVES OF THE COMPANY CONTAIN CERTAIN "FORWARD-LOOKING
STATEMENTS" CONCERNING EXPECTATIONS FOR SALES, STORE OPENINGS, GROSS MARGINS,
EXPENSES, STRATEGIC DIRECTION AND EARNINGS. ACTUAL RESULTS MIGHT DIFFER
MATERIALLY FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. AMONG THE
FACTORS THAT COULD CAUSE ACTUAL RESULTS TO MATERIALLY DIFFER INCLUDE, CHANGES
IN THE COMPETITIVE MARKETPLACE, INCLUDING THE INTRODUCTION OF NEW PRODUCTS OR
PRICING CHANGES BY OUR COMPETITORS, CHANGES IN THE ECONOMY AND OTHER EVENTS
LEADING TO A REDUCTION IN DISCRETIONARY CONSUMER SPENDING; SEASONALITY; RISKS
ASSOCIATED WITH CHANGES IN SOCIAL, POLITICAL, ECONOMIC AND OTHER CONDITIONS
AND THE POSSIBLE ADVERSE IMPACT OF CHANGES IN IMPORT RESTRICTIONS; RISKS
ASSOCIATED WITH UNCERTAINTY RELATING TO THE COMPANY'S ABILITY TO IMPLEMENT ITS
GROWTH STRATEGIES, AS WELL AS THE OTHER RISK FACTORS SET FORTH IN THE
COMPANY'S FORM 10-K AND QUARTERLY REPORTS ON FORM 10-Q, FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION. THE COMPANY UNDERTAKES NO OBLIGATION TO
UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS TO REFLECT SUBSEQUENT EVENTS
Kenneth Ohashi/Vice President, Investor &
Media Relations (646) 452-1876 or
Leigh Parrish/Diane Zappas, FD
SOURCE Aeropostale, Inc.
Web Site: http://www.aeropostale.com