Aeropostale, Inc. announced that total net sales for the four-week period ended March 1, 2003 increased 25.6% to $27.2 million, compared to $21.6 million for the four weeks ended March 2, 2002.
The Company generated a February comparable store sales decrease of 3.1% versus the year-ago comparable store sales increase of 18.8%. The company noted that a significant number of its stores are concentrated in the Northeast and Mid-Atlantic States and, as a result, it believes that the closing of stores and related effects of the President’s Day snowstorm caused a mid-single digit swing in comparable store sales for the month.
Julian R. Geiger, Chairman and CEO said, “We believe that our spring merchandise assortments are consistent with the current fashion trend and our inventory levels are appropriate given the current retail environment.”
