Aeropostale Announces Retirement Of President Michael J. Cunningham
NEW YORK, Feb. 5, 2013
NEW YORK, Feb. 5, 2013 /PRNewswire/ -- Aeropostale, Inc. (NYSE: ARO), a
mall-based specialty retailer of casual apparel for young women and men, today
announced the retirement of President Michael Cunningham, effective March 29,
Michael joined Aeropostale in August 2000 when the company had 200 Aeropostale
stores in 27 states. Today, the company operates nearly 1,000 Aeropostale
stores in the U.S. and Canada, 100 P.S. from Aeropostale stores in the U.S.,
has a licensing presence in the Middle East, Asia and Europe, and operates a
robust e-commerce platform that includes the recent acquisition of GoJane.com.
Thomas P. Johnson, Chief Executive Officer of Aeropostale, Inc., said, "Over
the past 12 years, Michael has been an incredible partner and friend, and a
highly respected leader within our organization. He truly embodies the core
values that make Aeropostale such a special organization. Michael has been a
key contributor to the evolution of our business as a multi-brand and
multi-national specialty retailer. In particular, he has been instrumental in
building Aeropostale's best in class financial and business operations. While
we will miss our daily interactions with Michael, we are pleased that he will
remain on the Board of Directors and we look forward to his continued,
invaluable input into our business."
Michael J. Cunningham commented, "For more than a decade, it has been both
gratifying and rewarding to be a part of the team that helped Aeropostale grow
into one of the most highly recognized and productive teen apparel retailers.
Most importantly, I am proud to be associated with such a talented group of
executives and employees, who make the Aeropostale culture so unique. I am
confident that the transition of my responsibilities will be seamless with the
current leadership team, and I look forward to watching the company's future
Mr. Johnson will assume responsibilities over information technology, Marc D.
Miller, Executive Vice President and Chief Financial Officer, will assume
responsibilities over planning and allocation and Mary Jo Pile, Executive Vice
President, Customer Engagement will assume responsibilities over construction,
logistics and real estate.
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.comand www.aeropostale.com. The Company currently operates 906
Aeropostale® stores in 50 states and Puerto Rico, 78 Aeropostale stores in
Canada and 100 P.S. from Aeropostale® stores in 20 states. In addition,
pursuant to various licensing agreements, our licensees currently operate 28
Aeropostale® and P.S. from Aeropostale® stores in the Middle East, Asia and
Europe. On November 13, 2012, Aeropostale, Inc. acquired substantially all of
the assets of online women's fashion footwear and apparel retailer GoJane.com,
Inc. Based in Ontario, California, GoJane.com focuses primarily on fashion
footwear, with a select offering of contemporary apparel and other
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 OR CIRCUMSTANCES.
Kenneth Ohashi/Vice President, Investor & Media Relations
(646) 452-1876 or email@example.com
Leigh Parrish, FTI Consulting
SOURCE Aeropostale, Inc.
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