NEW YORK, Jul 10, 2002 (BUSINESS WIRE) -- Aeropostale, Inc. (NYSE: ARO)
(www.aeropostale.com), a mall-based specialty retailer, today announced that
total net sales for the five-week period ended July 6, 2002 increased 42.1% to
$32.4 million, compared to $22.8 million for the five-weeks ended July 7, 2001.
The company's comparable store sales for June increased 11.8%.
Fiscal year to date, total sales have increased 48.1% to $144.2 million,
compared to $97.4 million in the year-ago period. Year to date comparable store
sales have increased 19.1%.
To hear the Aeropostale prerecorded June sales message, please dial (877)
289-8525, followed by the conference identification number 199951.
About Aeropostale, Inc.
Aeropostale, Inc. is a mall-based specialty retailer of casual apparel and
accessories that targets both young women and young men aged 11 to 20. The
company provides customers with a selection of high-quality, active-oriented,
fashion basic merchandise in a high-energy store environment. The company
maintains complete control over the proprietary brand by designing and sourcing
all of its own merchandise. Aeropostale products can be purchased only in its
stores, which sell Aeropostale merchandise exclusively.
The first Aeropostale store was opened in 1987. As of July 10, 2002, the company
operated 319 stores in 35 states.
Special Note: Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995: Except for historical information contained herein, the
statements made in this release constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements involve certain
risks and uncertainties, including statements regarding the company's strategic
direction, prospects and future results. Certain factors, including factors
outside of our control, may cause actual results to differ materially from those
contained in the forward-looking statements. These factors include the company's
ability to implement its growth strategy successfully, changes in consumer
fashion preferences, economic and other conditions in the markets in which we
operate, competition, seasonality and the other risks discussed in the company's
prospectus dated May 16, 2002 filed with the Securities and Exchange Commission,
which discussions are incorporated in this release by reference.
CONTACT: Aeropostale, Inc.
Michael Cunningham
973/872-5677
or
Investor Relations:
Integrated Corporate Relations, Inc.
James Palczynski / Chad A. Jacobs
203/222-9013
