Aeropostale Feb sales grow 14.1% despite low traffic
02 Mar '06
1 min read
Mall-based specialty retailer of casual and active apparel for young women and men, Aeropostale, Inc announced that total net sales for the four-week period ended February 25, 2006 increased 14.1 percent to $67.8 million, compared to $59.4 million for the four-week period ended February 26, 2005.
The company's comparable store sales decreased 5.4 percent for the month, versus a comparable store sales increase of 13.4 percent in the year ago period.
Julian R Geiger, Chairman and Chief Executive Officer said, "During the month, consistent with their merchandise strategy, they were able to increase their average unit retail and gross margins despite weaker than expected traffic.
They continue to be pleased with the direction of their merchandise assortment and they believe they are well positioned to capitalize on their opportunities during the remainder of the spring selling season."
Aeropostale Inc is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 11 to 18 year-old young women and men.
The company provides customers with a focused selection of high-quality, active-oriented, fashion basic merchandise at compelling values.
Aeropostale maintains control over its proprietary brands by designing, marketing and selling all of its own merchandise.
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