Home / Knowledge / News / Apparel/Garments / Aeropostale Q4'FY13 sales trip down 16%
Aeropostale Q4'FY13 sales trip down 16%
14
Mar '14
Aeropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, reported results for the fourth quarter (fourth quarter of fiscal 2013 consisted of 13 weeks compared to fourth quarter of fiscal 2012 which consisted of 14 weeks) and fiscal year ended February 1, 2014 (fiscal 2013 consisted of 52 weeks compared to fiscal 2012 which consisted of 53 weeks).  The Company also provided guidance for the first quarter of fiscal 2014.
 
Fourth Quarter Performance
For the fourth quarter of fiscal 2013, net sales decreased 16% to $670.0 million, from $797.7 million in the year ago period. Fourth quarter comparable sales, including the e-commerce channel, decreased 15%, compared to a decrease of 8% for the corresponding period of the prior year. 
 
Net revenue from the Company's e-commerce business for the fourth quarter of fiscal 2013, including net revenues from the GoJane.com business, which was acquired on November 13, 2012, decreased 12% to $85.6 million, from $96.8 million in the year ago period.
 
The Company reported a net loss for the fourth quarter of fiscal 2013 of $70.3 million, or $0.90 per diluted share, which included an after-tax charge of $21.3 million, or $0.27 per diluted share, resulting from store asset impairment charges, an after-tax charge of $20.0 million, or $0.25 per share for the establishment of reserves against deferred tax assets, and a charge of $2.0 million, or $0.03 per diluted share, resulting from the settlement of litigation matters.  
 
The Company reported a net loss of $0.7 million, or $0.01 per diluted share, for the fourth quarter of 2012, which included an after-tax charge of $19.7 million, or $0.25 per diluted share, resulting from store asset impairment charges.
 
Excluding the aforementioned charges, the Company reported an adjusted net loss of $27.1 million, or $0.35 per diluted share in the fourth quarter of fiscal 2013. This compares to the Company's previously issued guidance of a net loss of $0.24 to $0.32 per diluted share, which did not include the aforementioned charges.  
 
Excluding store asset impairment charges, the Company reported adjusted net income of $19.1 million, or $0.24 per diluted share, for the fourth quarter of 2012.
 
The Company opened 5 Aeropostale and 3 P.S. from Aeropostale stores, and closed 32 Aeropostale stores during the quarter. For the fourth quarter, the Company invested $16.1 million in planned capital expenditures.
 
Click here to view full results.
 

Aeropostale


Must ReadView All

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Prime Minister Narendra Modi dedicating the Deendayal Hastkala Sankul to the nation, in Varanasi, Uttar Pradesh on September 22, 2017. Courtesy: PIB

Textiles | On 25th Sep 2017

Handicrafts trade facilitation centre opens in Varanasi

Prime Minister Narendra Modi dedicated the Deendayal Hastkala Sankul, ...

Apparel/Garments | On 25th Sep 2017

AAFA urges US govt to plug lacunae in military procurement

The American Apparel & Footwear Association (AAFA), an alliance of...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search