Entire sector faces near term challenges – Aeropostale CEO
11 Mar '11
3 min read
Share Repurchase Program
The Company repurchased 10.3 million shares of common stock for $257.5 million during fiscal 2010. As of January 29, 2011 the Company had $245.3 million of remaining buyback availability under the $1.15 billion share repurchase program.
Store Growth and Capital Spending for Fiscal 2011
For fiscal 2011 the Company plans to invest approximately $70.0 million to open approximately 30 Aeropostale stores, approximately 20 P.S. from Aeropostale stores, and remodel approximately 50 stores, in addition to certain information technology investments. This compares to capital expenditures of approximately $100.8 million in fiscal 2010.
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