NEW YORK, July 2, 2015 /PRNewswire/ -- Aeropostale,
Inc. (NYSE: ARO), a mall-based specialty retailer of casual apparel
for young women and men, today announced expansion plans throughout
Asia with new licensing agreements
in India and Indonesia. The
Company plans to open stores in India through a licensing agreement with
Arvind Lifestyle Brands Limited, and in Indonesia through a licensing agreement with
PT Mitra Adiperkasa TBK (MAP).
Julian R. Geiger, Chief Executive
Officer, stated, "India and
Indonesia are two of the most
populated countries in the world and see significant opportunities
by bringing the Aeropostale brand to these key
countries. Following the successful launch of our brand in
the Philippines and Singapore, we are excited to capitalize on the
strong growth prospects in both India and Indonesia. We are totally
comfortable partnering with two of the largest and strongest
retailers in their respectful regions, Arvind Lifestyle Brands
Limited and MAP."
Aeropostale's expansion plans in India include the opening of 50 standalone
stores, 150 shop-in-shops in select locations, and e-commerce
operations across the country over the next five years, beginning
in March 2016. In addition, the
Company expects to open 10 to 12 standalone stores in Indonesia over the next five years, with its
first store opening in Jakarta in
Fall 2016.
Mr. Geiger continued, "We anticipate ending the year with over
300 locations across 17 countries. Our aggressive international
growth underscores the strength and recognition of the Aeropostale
brand, and we look forward to announcing new global licensing
partnerships throughout the year."
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 761
Aeropostale® stores in 50 states and Puerto Rico, 52 Aeropostale stores in
Canada and 26 P.S. from
Aeropostale® stores in 12 states and Puerto Rico. In addition, pursuant to various
licensing agreements, the Company's licensees currently operate 278
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 Arvind Lifestyle Brands Limited
Arvind Lifestyle
Brands Limited is a subsidiary of Arvind Ltd which is India's largest integrated textile player and
is one of the oldest and most respected groups in the Textile
Business in India. Arvind is also one of the largest
producers of denim fabrics and is supplier to a large number of
fashion brands in the world. Arvind has been a pioneer in
bringing international brands to India and first brought ARROW to India in the year 1993. Arvind has licensing
relationships with many international brands including GAP, TCP,
Gant, Nautica, Arrow, Izod, US Polo Association, Elle, Ed Hardy, Hanes, Cherokee and Geoffrey Beene. Arvind also has a
portfolio of 12 of its own brands. Arvind is launching stores of
marquee retailers Gap and The Children's Place. Arvind has a JV
with PVH Corp. for the Tommy Hilfiger and Calvin Klein businesses in India. It also runs the value retail chain,
Megamart.
About MAP
Incorporated in 1995, Pt Mitra Adiperkasa
TBK ("MAP") achieved phenomenal growth over the years culminating
in its IPO in November 2004. Today,
MAP is the leading lifestyle retailer in Indonesia with over 1,800 retail stores and a
diversified portfolio that includes sports, fashion, department
stores, kids, food & beverage and lifestyle products. Some of
our iconic brands include Starbucks, Zara, Marks & Spencer,
SOGO, SEIBU, Debenhams, Oshkosh B' Gosh, Reebok, among many others.
Listed on the Indonesia Stock Exchange, with over 23,000 employees,
MAP was voted Fortune Indonesia's Most Admired Companies (Top 20)
in 2012 and Forbes Indonesia's Top 40 Companies in 2011. Apart from
retailing, MAP is also a leading distributor for sports, kids and
lifestyle brands.
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-continues-aggressive-expansion-in-asia-with-new-licensing-agreements-in-india-and-indonesia-300108131.html
SOURCE Aeropostale, Inc.