The first Aeropostale store will open this month

The first Aeropostale store will open this month

Teen apparel retailer Aeropostale is to launch its namesake and PS from Aeropostale brands in Chile under a licensing agreement with Sociedad Comercial Grupo Yes SpA.

Under the agreement, Grupo Yes, which operates more than 40 direct retail stores and almost 80 shop-in-shop locations across Chile and Peru, will open standalone, department and multi-brand stores across Chile, starting in spring next year.

The company's first Aeropostale store is set to open in Parque Arauco in Santiago this month, while PS from Aeropostale stores are expected to open from early 2015.

Aeropostale CEO Julian Geiger said the country "represents a major step in extending our business into key Latin American markets", adding: "Chile's stable economy, and its consumers' strong appetite for the Aeropostale brand and our fashions, makes Chile an attractive retail market."