Aeropostale Acquires Online Fashion Footwear and Apparel Retailer
'GoJane.com'
NEW YORK, Nov. 13, 2012 /PRNewswire/
-- Aeropostale, Inc. (NYSE: ARO), a mall-based
specialty retailer of casual and active apparel for young women and
men, today announced that it has acquired online women's fashion
footwear and apparel retailer GoJane.com ("GoJane").
Based in Ontario, California, GoJane is a rapidly growing
women's fashion retailer, with an extensive footwear assortment and
a select offering of fashion apparel and accessories. The Company
was founded in 1998 by Tony Pang and
Kurt Kimura, and generated
approximately $19.0 million in
revenue in Fiscal 2011.
Thomas P. Johnson, Chief
Executive Officer of Aeropostale, Inc., said, "We are very excited
about our strategic acquisition of GoJane, which complements our
fast growing e-commerce business as we expand into new product
categories and offerings. We have been impressed with the
development of the GoJane brand, and the entrepreneurial spirit and
talent of the senior management team. We expect a seamless
transition of this new business from a strategic, operational and
cultural perspective."
"We are thrilled to become part of the Aeropostale family and
find a partner that shares our values and vision for the GoJane
business." said Tony Pang,
Co-Founder of GoJane. Mr. Pang continued, "We look forward to
sharing our respective customer bases, and leveraging Aeropostale's
best in class infrastructure to develop and grow the GoJane
business."
Terms of the deal were not disclosed.
About GoJane.com
GoJane.com® is an online retailer that focuses primarily on
fashion footwear, with a select offering of contemporary apparel
and other accessories. The Company strives to offer young women
unique and trendsetting footwear and merchandise at compelling
price points on its website, www.gojane.com. The Company is also
dedicated to constantly providing its customers with a fresh and
dynamic selection introducing new styles on its website on a
daily-basis. The Company is headquartered in Ontario, CA.
About Aeropostale, Inc.
Aeropostale®, Inc. is a primarily mall-based, specialty retailer
of casual apparel and accessories, principally targeting 14 to 17
year-old young women and men through its Aeropostale® stores and 4
to 12 year-old kids through its P.S. from Aeropostale® stores. The
Company provides customers with a focused selection of high quality
fashion and fashion basics at compelling values in an innovative
and exciting store environment. Aeropostale® maintains control over
its proprietary brands by designing, sourcing, marketing and
selling all of its own merchandise. Aeropostale® products can only
be purchased in Aeropostale® stores and online at
www.aeropostale.com. P.S. from Aeropostale® products can be
purchased in P.S. from Aeropostale® stores and online at
www.ps4u.com and www.aeropostale.com. The Company currently
operates 914 Aeropostale® stores in 50 states and Puerto Rico, 78 Aeropostale stores in
Canada and 99 P.S. from
Aeropostale® stores in 20 states. In addition, pursuant to various
licensing agreements, our licensees currently operate 27
Aeropostale® and P.S. from Aeropostale® stores in the Middle East, Asia and Europe.
SPECIAL NOTE: THIS PRESS RELEASE AND ORAL STATEMENTS MADE FROM
TIME TO TIME BY REPRESENTATIVES OF THE COMPANY CONTAIN CERTAIN
"FORWARD-LOOKING STATEMENTS" CONCERNING EXPECTATIONS FOR SALES,
STORE OPENINGS, GROSS MARGINS, EXPENSES, STRATEGIC DIRECTION AND
EARNINGS. ACTUAL RESULTS MIGHT DIFFER MATERIALLY FROM THOSE
PROJECTED IN THE FORWARD-LOOKING STATEMENTS. AMONG THE FACTORS THAT
COULD CAUSE ACTUAL RESULTS TO MATERIALLY DIFFER INCLUDE, CHANGES IN
THE COMPETITIVE MARKETPLACE, INCLUDING THE INTRODUCTION OF NEW
PRODUCTS OR PRICING CHANGES BY OUR COMPETITORS, CHANGES IN THE
ECONOMY AND OTHER EVENTS LEADING TO A REDUCTION IN DISCRETIONARY
CONSUMER SPENDING; SEASONALITY; RISKS ASSOCIATED WITH CHANGES IN
SOCIAL, POLITICAL, ECONOMIC AND OTHER CONDITIONS AND THE POSSIBLE
ADVERSE IMPACT OF CHANGES IN IMPORT RESTRICTIONS; RISKS ASSOCIATED
WITH UNCERTAINTY RELATING TO THE COMPANY'S ABILITY TO IMPLEMENT ITS
GROWTH STRATEGIES, AS WELL AS THE OTHER RISK FACTORS SET FORTH IN
THE COMPANY'S FORM 10-K AND QUARTERLY REPORTS ON FORM 10-Q, FILED
WITH THE SECURITIES AND EXCHANGE COMMISSION. THE COMPANY UNDERTAKES
NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS TO
REFLECT SUBSEQUENT EVENTS. READERS ARE REFERRED TO THOSE SEC
FILINGS.
Company Contact:
Kenneth Ohashi
Vice President, Investor & Media Relations
(646) 452-1876 or kohashi@aeropostale.com
Media Contact:
Leigh Parrish
FTI Consulting Inc.
(212) 850-5600
SOURCE Aeropostale, Inc.