Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at firstname.lastname@example.org in case you need any other additional information.
Second Quarter Performance
For the second quarter of fiscal 2013, net sales decreased 6% to $454.0 million, from $485.3 million in the year ago period. Comparable sales, including the e-commerce channel, for the second quarter decreased 15%, compared to the corresponding 13-week period ended August 4, 2012.
The Company reported a net loss for the second quarter of 2013 of $33.7 million, or $0.43 per diluted share, which included an after-tax charge of approximately $5.2 million, or $0.07 per diluted share, resulting from store asset impairment charges, and an after-tax charge of approximately $1.6 million, or $0.02 per diluted share, as a result of the accounting effect related to retirement features of our stock based compensation plan.
Excluding the aforementioned charges, the Company reported an adjusted net loss of $26.9 million, or $0.34 per diluted share in the second quarter of 2013.
Thomas P. Johnson, Chief Executive Officer, commented, "As previously reported, our second quarter results did not change materially from earlier in the year. Our business was pressured by a challenging teen retail environment with weak traffic trends and high levels of promotional activity. Our results were particularly disappointing given the level of change we have registered with the Aeropostale brand in recent periods."
Net revenues from the Company's e-commerce business for the second quarter of fiscal 2013, including net revenues from the GoJane.com business, which was acquired on November 13, 2012, increased 22% to $39.0 million, from $31.9 million in the year ago period.
Cash Position and Share Repurchase Program
The Company ended the quarter with cash and cash equivalents of $100.3 million and no debt. The Company currently has $104.4 million of availability remaining under its share repurchase program.
Store Growth and Capital Spending
The Company opened 4 Aeropostale and 19 P.S. from Aeropostale stores, and closed 9 Aeropostale stores and 1 P.S. from Aeropostale store during the quarter. For the second quarter, the Company invested $27.7 million in planned capital expenditures.
| On 30th Oct 2020
The US Agency for International Development deputy administrator...
Turkish President Recep Tayyip Erdogan is committed to enhancing ties ...
Columbia Sportswear Company, an innovator in active outdoor lifestyle ...
RCEP was always going to be a double-edged sword
African fashion has a strong identity
Personalised and differentiated footwear is in high demand
Germany-based Textechno is one of the leading manufacturers of testing...
Switzerland-based Benninger is a leading manufacturer of technologically...
Surat-based Sunrise Imports & Exports Co is a manufacturer and...
Pranesh Sridharan & Berndt Koll
The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...
Non Woven Federation of India
The Non Woven Federation of India (NWFI), representing the regional...
Pierre Wiertz talks about the vast world of sustainable nonwovens and...
She grew up in the walled city of Old Delhi, completed her studies, and...
Whistling Woods International School of Fashion
<div>A lack of upgraded courses in costume designing and fashion as per...
Twee In One
Best known for convertible clothing, Indian brand Twee In One by designer...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.