Fashion retailer Aeropostale total net retail sales jump 16.6%
31 Aug '06
2 min read
Mall-based specialty retailer of casual and active apparel for young women and men, Aeropostale Inc announced that total net sales for the four-week period ended August 26, 2006 increased 16.6 percent to $159.1 million, compared to $136.5 million for the four-week period ended August 27, 2005.
The company's comparable store sales increased 3.3 percent for the month, versus a comparable store sales increase of 1.3 percent in the year ago period.
Fiscal year to date, total net sales have increased 17.1 percent to $680.1 million, compared to $581.0 million in the year-ago period. Fiscal year to date, comparable store sales increased 0.1 percent, versus a comparable store sales increase of 1.0 percent in the year-ago period.
Julian R. Geiger, Chairman and Chief Executive Officer said, "We are pleased with our August results and with the consistent momentum we maintained throughout the month. During the month we effectively executed our promotional and merchandising plans. As a result, we were able to make gains in both our merchandise margins and average unit retails. We are encouraged by the reaction to our merchandise assortment and the momentum in our business as we head into the end of the back to school selling season."
Aeropostale, Inc. is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men. The company provides customers with a focused selection of high-quality,active-oriented, fashion and fashion basic merchandise at compelling values.
Aeropostale maintains control over its proprietary brands by designing, sourcing, marketing and selling all of its own merchandise. Aeropostale products are currently purchased only in its stores, on-line through its e-commerce website (www.aeropostale.com) or at organized sales events at college campuses.
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