NEW YORK, July 1, 2013 /PRNewswire/ -- Aeropostale, Inc. (NYSE: ARO), a mall-based specialty retailer of casual apparel for young women and men, today announced plans to launch the Aeropostale brand in Mexico through a licensing agreement with Distribuidora Liverpool, S.A. de C.V. ("Liverpool"). Aeropostale's expansion plans in Mexico include the opening of branded shop-in-shops in Liverpool department stores across Mexico beginning in Summer 2013, in addition to rolling out standalone stores. The Company's first standalone store is scheduled to open in Sante Fe Mall in Mexico City in Summer 2013.
Thomas P. Johnson, Chief Executive Officer, stated, "We are thrilled to bring the Aeropostale brand to Mexico through both branded shops and standalone stores. We consider Mexico a pivotal market as we look at our overall global expansion strategy. The Liverpool team possesses incredible insight and experience into the consumer as the operator of Mexico's largest and preeminent department store. We look forward to working with such an established partner to expand the Aeropostale brand into this key market."
Commenting on Aeropostale's launch in Mexico, Graciano Guichard Gonzalez, Commercial Director of Liverpool, stated, "We are excited to capitalize on the popularity and recognition of the Aeropostale brand in Mexico. The Aeropostale brand is a proven cornerstone of the teen apparel market, and we look forward to bringing Aeropostale to Mexico through our vast portfolio of department stores, as well as standalone locations, over the next few years."
About Aeropostale, Inc.
Aeropostale®, Inc. is a primarily mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men through its Aeropostale® stores and 4 to 12 year-old kids through its P.S. from Aeropostale® stores. The Company provides customers with a focused selection of high quality fashion and fashion basics at compelling values in an innovative and exciting store environment. Aeropostale® maintains control over its proprietary brands by designing, sourcing, marketing and selling all of its own merchandise. Aeropostale® products can only 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 and online at www.ps4u.com and www.aeropostale.com. The Company currently operates 898 Aeropostale® stores in 50 states and Puerto Rico, 78 Aeropostale stores in Canada and 132 P.S. from Aeropostale® stores in 28 states and Puerto Rico. In addition, pursuant to various licensing agreements, our licensees currently operate 29 Aeropostale® stores and one Aeropostale® and P.S. from Aeropostale® combination store in the Middle East, Asia and Europe. On November 13, 2012, Aeropostale, Inc. acquired substantially all of the assets of online women's fashion footwear and apparel retailer GoJane.com, Inc. Based in Ontario, California, GoJane.com focuses primarily on fashion footwear, with a select offering of contemporary apparel and other accessories.
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 IMPORT RESTRICTIONS; RISKS ASSOCIATED WITH UNCERTAINTY RELATING TO THE COMPANY'S ABILITY TO IMPLEMENT ITS GROWTH 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 OR CIRCUMSTANCES.
Company Contact: Kenneth Ohashi/Vice President, Investor & Media Relations (646) 452-1876 or kohashi@Aeropostale.com
Media Contact: Leigh Parrish, FTI Consulting (212) 850-5600
SOURCE Aeropostale, Inc.