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 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mark Paterson
Technical Absorbents Ltd

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search