Home / Knowledge / News / Apparel/Garments / Apparel retailer Aeropostale posts 13% dip in Q3FY15 sales
Apparel retailer Aeropostale posts 13% dip in Q3FY15 sales
26
Aug '14
NYSE-listed retailer of casual apparel - Aeropostale, Inc reported a 13% year-on-year decline in net sales and a corresponding decrease in comparable store sales for the second fiscal quarter of 2014.

For the second quarter of 2014, Aeropostale net sales dwindled 13% to $396.2 million from $454.0 million, in the year ago period. Comparable store sales, including e-commerce revenues too fell 13% from the second fiscal quarter of 2013.

Aeropostale reported a net loss of $63.8 million, or $0.81 per diluted share in second quarter of 2014, while adjusted net loss stood at $36.0 million, or $0.46 per diluted share after considering various after-tax charges totalling to $27.8 million.

In the quarter under review, the retailer opened four Aeropostale stores and one Aeropostale and P.S. from Aeropostale combination store, and closed 11 Aeropostale stores and three P.S. from Aeropostale stores and invested $7.2 million in planned capital expenditures.

Aeropostale ended the quarter with cash and cash equivalents of $152.3 million and $133.6 million in long-term debt.

Julian Geiger, CEO said, “I am encouraged that we were able to achieve higher average unit retails and margins, as well as better expense control during the second quarter, which allowed us to exceed guidance.”

For the third fiscal quarter of 2014, Aeropostale expects operating losses in the range of $33.0 to $37.0 million, which translates to a net loss in the range of $0.44 to $0.48 per diluted share. The effective tax rate for the third quarter is projected to be approximately 4.0%, it said.

The apparel retailer operates 848 Aeropostale stores in 50 US states and Puerto Rico and 75 in Canada and 147 P.S. from Aeropostale stores in 31 states and Puerto Rico. In addition, its licensees currently operate 162 Aeropostale and P.S. from Aeropostale stores across various continents.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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