NEW YORK, Nov. 3, 2015 /PRNewswire/ -- Aeropostale,
Inc. (NYSE: ARO), a mall-based specialty retailer of casual apparel
for young women and men, today announced additional expansion plans
in Asia and the EMEA region.
Through two new licensing agreements, Aeropostale will launch in
Thailand and Egypt over the next five years.
Julian R. Geiger, Chief Executive
Officer of Aeropostale, stated, "Aeropostale's international
expansion began in Asia and the
Middle East and it is with great
pleasure that we announce further expansion across these key
regions. Thailand and Egypt will be important markets as we continue
to expand globally across Asia,
the Middle East and Africa. We are confident that our partnerships
with Robinson Department Store and Q and A Retail Company will
ensure that the Aeropostale brand will continue to thrive and
prosper internationally."
The Company has signed a licensing agreement with Robinson
Department Store Public Company Limited to open approximately 40
standalone and shop-in-shop locations over the next five years in
Thailand. The first Aeropostale
location in Thailand will open in
the Robinson Department Store in Sriracha.
Paresh Chauhan, Executive Vice
President of International Brands at Robinson Department Store,
said, "Robinson Department Store is very excited to bring
Aeropostale to the Thailand market
place, with the brand's strong combination of trend-right
merchandise at compelling prices. We hope to emulate Aeropostale's
success and be the leaders in teen fashion in our market."
Aeropostale has also signed a licensing agreement with Q and A
Retail Company to open approximately 40 standalone stores over the
next five years in Egypt.
"We are eager to partner with Aeropostale to bring this iconic
brand to North Africa for the
first time. We are confident that the strength of the
Aeropostale brand will resonate with the consumers of Egypt and we look forward to continuing our
expansion throughout the region over the next several years," said
Ayman Seoudy, Director of Q&A Retail Company.
Aeropostale's expansion plans in Thailand and Egypt are planned to begin in early
2016.
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 303
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 Robinson Department Store
Robinson Department
Store Public Company Limited is a mall-based retail department
store operating in Thailand, under
the name of "Robinson Department Store" since 1977. It is the first
department store registered in the Stock Exchange of Thailand, with Central Retail Corporation as
the major shareholder. As of the end of 2015 the company is
operating 24 department stores and 17 lifestyle malls with 10
locations in Bangkok, and 31
locations outside of Bangkok and
an online presence www.robinson.co.th. Robinson Department Store
aims to be the most popular department store in Thailand with an extensive range of products
within Men's, Women's, Kids and Home. With coverage
countrywide, Robinson offers a retailing approach with modern
products and services that are compatible with customers'
lifestyles and needs, under the concept "Robinson...New colors of
lives."
About Q and A Retail Company
Q and A Retail Company is
a subsidiary of Quattro Trading Company, which was established in
2007. Quattro Trading is a premium fashion and home furniture
retail company currently present in The Middle East and North Africa with expansion plans soon to
follow. The company owns and operates leading international
franchises. Quattro is working on extending its activities in the
near future into the food and beverage sector. Quattro Trading has
a strong operational background in the retail sector. The company's
vision is to become the preferred garments/furniture franchising
company in Egypt. The Company
holds an extensive collection of the luxury brands from around the
world from fashion lifestyle, homeware to accessories and with many
more yet to come.
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
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SOURCE Aeropostale, Inc.