Aeropostale Acquires Online Fashion Footwear and Apparel Retailer 'GoJane.com'

Aeropostale Acquires Online Fashion Footwear and Apparel Retailer 'GoJane.com'

PR Newswire

NEW YORK, Nov. 13, 2012

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.

Website: http://www.aeropostale.com
 
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