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Aeropostale Plans To Grow Store Base

NEW YORK CITY-Coming off a prosperous year, the purveyor of youth-oriented fashion is stepping up expansion of its retail base, planning 1,000 units.

By Joe Clements | Updated on March 16, 2007

NEW YORK CITY—After posting a 17.4% gain in total net sales during FY2006, tony teen clothier Aeropostale, Inc. is putting its money where the mall is, earmarking upwards of $85.0 million to reformat existing retail while launching new stores in unchartered territory such as Canada. Company officials discussed those plans Thursday during a presentation of last year’s financial results and accompanying 2007 forecast.

“We are excited about the growth opportunities … including our initial penetration of the Canadian market,” chairman and CEO Julian Geiger relayed in his prepared statement. “It is our goal to maintain the balance in our merchandise and invest in appropriate infrastructure to support our expanding business.”

Despite popularity as a brand among young Canadians, Aeropostale has no retail presence across the border as it celebrates 20 years in business. The firm plans to have 10 there by FY 2008, although most of the growth will continue to be in the firm’s backyard, with another 75 stores slated to open in the United States this year. Four stores came on line in the fourth quarter of fiscal 2006, giving Aeropostale 729 stores in 47 states. The company has another line, Jimmy’Z, that has 14 stores in 11 states.

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