NEW YORK, April 23, 2015 /PRNewswire/ -- Aéropostale,
Inc. (NYSE: ARO), a mall-based specialty retailer of casual and
active apparel for young women and men, today announced future
changes to the composition of its Board of Directors.
Robert B. Chavez has advised the
Company that he will not seek re-election to the Company's Board of
Directors at the 2015 Annual Stockholder Meeting due to his
responsibilities and time commitments as President and Chief
Executive Officer of Hermes of Paris, Inc. Mr. Chavez will continue to
serve until the 2015 Annual Meeting.
Stefan Kaluzny has also advised
the Company that he will not seek re-election as a Director at the
2015 Annual Stockholder Meeting. Mr. Kaluzny, a Managing
Director of Sycamore Partners, has served as a designated Series B
Director since May 2014. He will also continue to serve until
the 2015 Annual Meeting.
Karin Hirtler-Garvey, Chairperson
of Aéropostale, Inc., commented, "We thank Bob and Stefan for the
dedicated service and counsel they have provided as members of
Aéropostale's Board. The Board looks forward to continuing
our relationship with Stefan as a major stockholder and strategic
partner. We wish both Bob and Stefan all the best in the
future."
Mr. Chavez stated, "It has been a pleasure to serve on
Aéropostale's Board. Over the past 11 years, I have watched
the Company face and overcome multiple challenges with the support
of its amazing employees. I look forward to watching
management and the Board continue to lead the business in the right
direction."
Mr. Kaluzny stated, "As I said when I joined the Board, I
continue to believe there is tremendous value in Aeropostale's
business. Now that Julian Geiger has
returned as CEO, I am confident the Company is well-positioned to
return to profitability."
About Aéropostale, Inc.
Aéropostale®, 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 Aéropostale® stores and 4
to 12 year-olds through its P.S. from Aéropostale® stores. The
Company provides customers with a focused selection of high quality
fashion and fashion basic merchandise at compelling values in an
exciting store environment. Aéropostale® maintains control over its
proprietary brands by designing, sourcing, marketing and selling
all of its own merchandise. Aéropostale® products can be purchased
in Aéropostale® stores and online at www.aeropostale.com. P.S. from
Aéropostale® products can be purchased in P.S. from Aéropostale®
stores and online at www.ps4u.com and www.aeropostale.com. The
Company currently operates 766 Aéropostale® stores in 50 states and
Puerto Rico, 61 Aéropostale stores
in Canada and 26 P.S. from
Aéropostale® stores in 12 states and Puerto Rico. In addition, pursuant to various
licensing agreements, our licensees currently operate 262
Aéropostale® and P.S. from Aéropostale® locations in the
Middle East, Asia, Europe,
and Latin America. Since November
2012, Aéropostale, Inc. has operated GoJane.com, Inc., an
online women's fashion footwear and apparel retailer.
SPECIAL NOTE: THIS PRESS RELEASE AND ORAL STATEMENTS MADE FROM
TIME TO TIME BY REPRESENTATIVES OF THE COMPANY CONTAIN CERTAIN
"FORWARD-LOOKING STATEMENTS" MADE IN RELIANCE UPON THE SAFE HARBOR
PROVISIONS OF SECTION 27A OF THE SECURITIES ACT OF 1933, AS
AMENDED, AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED, 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 STRATEGIES; RISKS ASSOCIATED WITH THE COMPANY'S ABILITY
TO IMPLEMENT AND REALIZE THE ANTICIPATED BENEFITS OF THE COMPANY'S
STRATEGIC INITIATIVES AND COST REDUCTION PROGRAM, 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 OR CIRCUMSTANCES.
Company Contact:
Susan Lewis/VP, Investor & Media
Relations
(646) 364-0215 or slewis@aeropostale.com
Media Contact:
Effie Veres, FTI Consulting
(212) 850-5676
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SOURCE Aeropostale, Inc.