NEW YORK, Oct. 8, 2015 /PRNewswire/ -- Aéropostale,
Inc. (NYSE: ARO), a mall-based specialty retailer of casual apparel
for young women and men, today announced a domestic licensing
agreement for home textiles with Himatsingka America. Under
the licensing agreement, Himatsingka will design, manufacture and
distribute home textiles such as bedding and bath linens using the
Aéropostale label for department stores, big box retailers and
wholesale channels across North America.
Julian R. Geiger, Chief Executive
Officer of Aéropostale, stated, "We look forward to capitalizing on
the power of the Aéropostale brand to expand our reach through new
bedding and bath products. Himatsingka America has a strong
portfolio of brands and proven track record, and we look forward to
working with them to reach new customers across new channels."
David Greenstein, Chief Executive
Officer of Himatsingka America, stated, "We are excited to partner
with a highly recognizable brand such as Aéropostale. We
intend to engage Aéropostale's vast customer base with an exciting
new home offering. We share their passion for creative design and
quality workmanship and look forward to a meaningful
relationship."
Under this agreement, Aéropostale's expanded home collection is
expected to be available during the Back to School 2016 season.
About Aéropostale, Inc.
Aéropostale, Inc. is a
specialty retailer of casual apparel and accessories, principally
targeting 14 to 17 year-old young women and men through its
Aéropostale stores and website and 4 to 12 year-olds through its
P.S. from Aéropostale 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. Aéropostale
maintains control over its proprietary brands by designing,
sourcing, marketing and selling all of its own merchandise, other
than in licensed stores. Aéropostale products can be
purchased in Aéropostale stores and online at
www.aeropostale.com. P.S. from Aéropostale products can be
purchased in P.S. from Aéropostale stores, in certain Aéropostale
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 Aéropostale stores
in Canada and 25 P.S. from
Aéropostale® stores in 12 states. In addition, pursuant to various
licensing agreements, the Company's licensees currently operate 290
Aéropostale® and P.S. from Aéropostale® locations in the
Middle East, Asia, Europe,
and Latin America. Since November
2012, Aéropostale, Inc. has operated GoJane.com, an online
women's fashion footwear and apparel retailer. GoJane
products can be purchased online at www.gojane.com.
To inquire about licensing opportunities with Aéropostale, Inc.,
please contact licensing@aeropostale.com.
About Himatsingka
The Himatsingka Group is a
vertically integrated home textile major with a global
footprint. The Group focuses on the manufacture, retail
and distribution of Home Textile products. On the
manufacturing front, the Group operates amongst the largest
capacities in the world for upholstery fabrics, drapery fabrics and
bed linen products. Spread across Asia, Europe
and North America, its retail and
wholesale distribution divisions carry some of the most prestigious
brands in the Home Textile space and cater to Private Label
programs of major retailers across these geographies.
Himatsingka's portfolio of brands includes Barbara Barry, Beddit, Beekman 1802, Bellora, Calvin Klein, Desigual, Esprit, Kate Spade New
York, Kelly Wearstler, Kravet, Lady
Antebellum Heartland, Novogratz and Pimacott.
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 CURRENCY EXCHANGE RATES AND IMPORT
RESTRICTIONS; RISKS ASSOCIATED WITH THE COMPANY'S DEBT
ARRANGEMENTS; RISKS ASSOCIATED WITH UNCERTAINTY RELATING TO THE
COMPANY'S ABILITY TO IMPLEMENT ITS TURNAROUND 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
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.