NEW YORK, Nov. 15, 2011 /PRNewswire/ -- Aeropostale, Inc. (NYSE: ARO), a mall-based specialty retailer of casual and active apparel for young women and men, today announced that it has signed a licensing agreement with FiBA Group to open approximately 30 stores across Turkey over the next five years. The first store is scheduled to open in summer 2012.
Thomas P. Johnson, Chief Executive Officer, stated, "We are thrilled to bring the Aeropostale brand to Turkey, and continue with our international expansion plans. We are also very pleased to be working with FiBA Group, a company that brings incredible experience building brands and operating stores across this region of the world."
Commenting on Aeropostale's launch in Turkey, Murat Ozyegin, FiBA Group and Chairman of the Board of Directors, stated, "We are delighted to start our partnership with Aeropostale, a company that has excelled and demonstrated strength in the teen-apparel segment. We strongly believe that Aeropostale will bring excitement to the Turkish market with its great fashion, fun and optimistic lifestyle offering and affordable prices."
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 through its Aeropostale® stores and 4 to 12 year-old kids through its P.S. from Aeropostale™ stores. 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 Aeropostale stores and online at www.aeropostale.com. P.S. from Aeropostale™ products can be purchased in P.S. from Aeropostale™ stores and online at www.ps4u.com. The Company currently operates 918 Aeropostale stores in 50 states and Puerto Rico, 67 Aeropostale stores in Canada and 72 P.S. from Aeropostale stores in 21 states.
About FiBA Group
FiBA Group is a privately owned company, founded by a Turkish entrepreneur, Husnu Ozyegin. Ozyegin Family has full ownership of FiBA Group, which consist of two holding companies - FiBA Holding and FiNA Holding. FiBA Holding was founded in 1989 to make investments in the financial sector. FiNA Holding was established in 1993 to invest in non financial lines of businesses. FiBA Retail Group, a subsidiary of FiNA Holding, operates over 135 stores and has the sole franchisee rights of GAP, Banana Republic and Marks & Spencer brands across Turkey, Russia and Ukraine. FiBA Retail Group's most important strength is its qualified human resource with valuable experience in their fields. Their contribution is at the highest level to the success of the business.
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 email@example.com
Leigh Parrish, FTI Consulting Inc.
SOURCE Aeropostale, Inc.