Market Overview

Aeropostale Launches In Ireland

Share:

NEW YORK, Oct. 21, 2015 /PRNewswire/ -- Aeropostale, Inc. (NYSE: ARO), a mall-based specialty retailer of casual apparel for young women and men, today announced the opening of the Company's first store in Ireland.  Through a licensing agreement with Shuz 4 U International Ltd., Aeropostale will celebrate its first store opening in Ireland at the Liffey Valley Shopping Centre in Dublin on October 22, 2015.

Julian R. Geiger, Chief Executive Officer of Aeropostale, Inc. said, "We look forward to bringing the Aeropostale brand to Western Europe for the first time through our partnership with Shuz 4 U International Ltd." Mr. Geiger continued, "By partnering with such a strong and established licensee, we are confident that the recognition and popularity of the Aeropostale brand will continue to grow across Europe."

Through its partnership with Shuz 4 U International Ltd., Aeropostale expects to open ten standalone locations over the next five years.

Paul Gallagher, Director of Shuz 4 U International Ltd., said: "We are absolutely thrilled to bring the iconic, teen New York brand Aeropostale to Ireland. Aeropostale's first Western European location will be a 4,000 square foot store located in Liffey Valley Shopping Centre in Dublin, one of Ireland's largest shopping and leisure destinations."

About Aeropostale, Inc.
Aeropostale, Inc. is a specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men through its Aeropostale stores and website and 4 to 12 year-olds through its P.S. from Aeropostale stores and website.  The Company provides customers with a focused selection of high quality fashion and fashion basic merchandise at compelling values in an exciting and customer friendly store environment.  Aeropostale maintains control over its proprietary brands by designing, sourcing, marketing and selling all of its own merchandise, other than in licensed stores.  Aeropostale products can be purchased in Aeropostale stores and online at www.aeropostale.com.  P.S. from Aeropostale products can be purchased in P.S. from Aeropostale stores, in certain Aeropostale stores and online at www.ps4u.com and www.aeropostale.com. The Company currently operates 758 Aeropostale® stores in 50 states and Puerto Rico, 41 Aeropostale stores in Canada and 25 P.S. from Aeropostale® stores in 12 states. In addition, pursuant to various licensing agreements, the Company's licensees currently operate 297 Aeropostale® and P.S. from Aeropostale® locations in the Middle East, Asia, Europe, and Latin America.  Since November 2012, Aeropostale, Inc. has operated GoJane.com, an online women's fashion footwear and apparel retailer.  GoJane products can be purchased online at www.gojane.com

About Shuz 4 U International Ltd.
Shuz 4 U International Ltd. is part of the Shuz Group, the company behind Skechers Retail Stores Ireland. The company recently celebrated its 5th anniversary since the opening of its first store on Henry Street, Dublin in October 2010 and also the opening of the 12th store in Donegall Place, Belfast. The company is also Skechers' current International Franchise Of The Year.  The headquarters and warehouse are located in Cork and a second warehouse/distribution point recently opened in Dublin. There are over 200 employees across administration, warehousing and at retail level.

SPECIAL NOTE: THIS PRESS RELEASE AND ORAL STATEMENTS MADE FROM TIME TO TIME BY REPRESENTATIVES OF THE COMPANY CONTAIN CERTAIN "FORWARD-LOOKING STATEMENTS" MADE IN RELIANCE UPON THE SAFE HARBOR PROVISIONS OF SECTION 27A OF THE SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, 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  STRATEGIES; RISKS ASSOCIATED WITH THE COMPANY'S ABILITY TO IMPLEMENT AND REALIZE THE ANTICIPATED BENEFITS OF THE COMPANY'S STRATEGIC INITIATIVES AND COST REDUCTION PROGRAM, 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 OR CIRCUMSTANCES.

Company Contact:
Susan Lewis/VP, Investor & Media Relations
(646) 364-0215 or slewis@aeropostale.com 

Media Contact:
Effie Veres, FTI Consulting
(212) 850-5676

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aeropostale-launches-in-ireland-300163332.html

SOURCE Aeropostale, Inc.

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com