Interviews
News Flash
Aeropostale will invest $66 mn for store growth plans
09 Mar '12
4 min read
The Company repurchased 4.2 million shares of common stock for $100.1 million during fiscal 2011. As of January 28, 2012 the Company had $145.2 million of remaining buyback availability under the $1.15 billion share repurchase program.
For the first quarter of fiscal 2012, the Company expects earnings in the range of $0.08 to $0.10 per diluted share, compared to earnings of $0.20 per diluted share last year.
Mr. Johnson, continued, "Looking to 2012, Aeropostale is committed to repositioning our brand for future success. We will continue to evolve our merchandise, capture the attention of our customer through innovative marketing, invest in our infrastructure to maximize efficiencies, and support our future growth vehicles."
For fiscal 2012 the Company plans to open approximately 18 Aeropostale stores, approximately 30 P.S. from Aeropostale stores, remodel approximately 5 stores, and close approximately 10 Aeropostalestores. The Company expects to invest approximately $66.0 million for its store growth plans, as well as certain information technology investments. This compares to capital expenditures of approximately$73.3 million in fiscal 2011.
Aeropostale Inc. is a 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, active-oriented, fashion and fashion basic merchandise at compelling values.
For the first quarter of fiscal 2012, the Company expects earnings in the range of $0.08 to $0.10 per diluted share, compared to earnings of $0.20 per diluted share last year.
Mr. Johnson, continued, "Looking to 2012, Aeropostale is committed to repositioning our brand for future success. We will continue to evolve our merchandise, capture the attention of our customer through innovative marketing, invest in our infrastructure to maximize efficiencies, and support our future growth vehicles."
For fiscal 2012 the Company plans to open approximately 18 Aeropostale stores, approximately 30 P.S. from Aeropostale stores, remodel approximately 5 stores, and close approximately 10 Aeropostalestores. The Company expects to invest approximately $66.0 million for its store growth plans, as well as certain information technology investments. This compares to capital expenditures of approximately$73.3 million in fiscal 2011.
Aeropostale Inc. is a 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, active-oriented, fashion and fashion basic merchandise at compelling values.
Aeropostale Inc
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
