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Aeropostale says July same-stores sales down 1.9%

03
Aug '06

Aeropostale Inc, a mall-based specialty retailer of casual and active apparel for young women and men, announced that total net sales for the four-week period ended July 29, 2006 increased 13.1% to $94.9 million, compared to $83.9 million for the four-week period ended July 30, 2005.

The company's comparable store sales decreased 1.9% for the month, versus a comparable store sales decrease of 4.2% in the year-ago period.

For the second quarter of Fiscal 2006, total net sales have increased 18.0% to $274.6 million, compared to $232.8 million in the year-ago period. Comparable store sales for the second quarter increased 1.0%, versus a comparable store sales decrease of 2.2% in the year-ago period.

Fiscal year to date, total net sales have increased 17.2% to $520.9 million, compared to $444.4 million in the year-ago period. Fiscal year to date, comparable store sales decreased 0.9%, versus a comparable store sales increase of 0.9% in the year-ago period.

Julian Geiger, Chairman and CEO, said, "During July, a month in which we transition from summer into back to school, our men's and accessories businesses performed well and to plan. The business in our women's denim and long bottoms categories, however, performed significantly below our expectations. As a result of this shortfall, we have lowered our view for the second quarter. As we head into the peak back to school selling season, we continue to believe that our merchandise offerings are trend-right, our promotions are compelling and our inventory levels are well controlled."

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