Aeropostale Board approves $100m stock repurchase program
15 Jun '06
1 min read
A mall-based specialty retailer Aeropostale Inc announced that its board of directors approved an increase in its common stock repurchase program to acquire an additional $100.0 million of its outstanding common stock.
This increased the total repurchase program to $250.0 million. As of June 14, 2006 the company had purchased back approximately $143.8 million (5.9 million shares) under the repurchase program.
Specialty retailer of casual apparel and accessories Aeropostal Inc 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.
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