Aeropostale (ARO) May Comps Down 1.1%
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Aeropostale, Inc. (NYSE: ARO) said comparable store sales decreased 1.1% for the month, versus a comparable store sales decrease of 4.9% in the year ago period.
Julian R. Geiger, Chairman and Chief Executive Officer said, "During May we continued to drive strong increases in our merchandise margins and our average unit retails. As a result, we were able to achieve our gross margin dollar plan for the month. We are pleased with both the content and level of our inventories and we believe we are well positioned for the upcoming back to school selling season."
Julian R. Geiger, Chairman and Chief Executive Officer said, "During May we continued to drive strong increases in our merchandise margins and our average unit retails. As a result, we were able to achieve our gross margin dollar plan for the month. We are pleased with both the content and level of our inventories and we believe we are well positioned for the upcoming back to school selling season."
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