P.S. from Aeropostale to offer casual clothing & accessories for kids
13 Mar '09
4 min read
E-commerce Total net sales from the Company's e-commerce business for the fourth quarter of fiscal 2008 increased 88% to $41.4 million, from $22.0 million for the fourth quarter of fiscal 2007. Total net sales from the Company's e-commerce business for the fiscal year ended January 31, 2009 increased 85% to $79.1 million, from $42.8 million in the year ago period.
Strong Cash Positioning The Company ended fiscal 2008 with cash and cash equivalents of $228.5 million, compared to $111.9 million last year. The Company currently has no debt outstanding. As of January 31, 2009, the Company had $150.0 million available under its revolving credit facility.
Store Growth and Capital Spending The Company plans to invest approximately $55 million in capital for fiscal 2009 to open approximately 40 Aeropostale and approximately 10 P.S. from Aeropostale stores, remodel certain existing stores and make certain information technology investments. This compares to capital expenditures of approximately $83 million in fiscal 2008.
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