Aeropostale (ARO) Plans Streamlining; Affirms Q4 Outlook
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Aeropostale Provides Business Update
January 12, 2016 4:15 PM ESTNEW YORK, Jan. 12, 2016 /PRNewswire/ -- Aéropostale, Inc. (NYSE: ARO), a mall-based specialty retailer of casual apparel for young women and men, today provided a business update in which it announces plans to institute a new cost reduction program, and in which it reiterates fourth quarter guidance.
Plans to optimize cost structure Following a strategic business review, the Company has instituted an aggressive new cost reduction program targeting both direct and indirect spending across the organization. The Company expects this new program to generate approximately $35 million to... More