US: Aeropostale enjoys strong start to year
Mall-based retailer Aeropostale saw a 43% rise in first quarter profit, hailing a strong start to the year.
Net income for Q1 increased 43% to $45.4 million, compared to net income of $31.7m last year.
For the first quarter of fiscal 2010, total net sales have increased 14% to $463.6m. Same-store sales for the first quarter increased 8%, compared to a same-store sales increase of 11% last year.
Co-chief executive officers Mindy C Meads and Thomas P Johnson, said: "We are very pleased with our strong start to fiscal 2010. In the first quarter we delivered solid top line growth, improved profitability and achieved record earnings. The consistency and strength of our results truly underscore the on-going momentum in our brand, the power of our promotional specialty store model and the tremendous talent across our entire organisation."
Total net sales from the company's e-commerce business for the first quarter of fiscal 2010 increased 42% to $23.8m, from $16.7m in the year ago period.
For the second quarter the company expects earnings in the range of $0.45 to $0.48 per diluted share, an increase of 18% to 26% compared to earnings of $0.38 per diluted share for the second quarter of 2009.
The following is a general roundup of US apparel and shoe chains' October 2010 sales results. The list will be updated as new results become available. ...
The following is a general roundup of US apparel and shoe chains' September 2010 sales results. The list will be updated as new results become available. ...
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