Find in the news:
BY COUNTRY

Aeropostale rehires its former CEO



Aeropostale Inc., the teen apparel retailer, has rehired Julian Geiger as its chief executive officer in a bid to win back their customers and to put an end to their run of losses for the past six quarters.

Aeropostale rehires its former CEO.jpgThis resulted in its shares increasing by 11% during Monday’s extended trading. The 63-year old Julian Geiger held the position as CEO in the group from 1996 to 2009.  During this time he increased Aeropostale’s sales from $140m during 1998 to $1.9bn during 2008.  He rejoins the company immediately and will continue as a serving board member.


His appointment results in the replacement of Thomas Johnson, who has been CEO since 2010.

It has been a struggle for the company to keep pace with the change in fashion trends and try to retain and attract teen customers who are cutting budgets due to low wage increases and a weakened job market.  It has also lost business to other brands, such as H&M, Zara and Forever 21 who are able to launch styles from the runway to their stores within a few weeks.


The company has forecast a loss of 42 to 45 cents per share for the quarter ended Aug 3, compared to its previous forecast of 55 to 61 cents, however, analysts are looking at a loss of 58 cents. Its sales declined by 13% to $396.2m during Q2 2014.  The company is expecting operating losses of $36m to $38m during this quarter, down from the previous forecast of $49m to $54m. Aeropostale’s shares increased by 3.7% to $3.36.

Aeropostale rehires its former CEO-1.jpg



More about shopping malls in the USA



Jul 6, 2018, China:
Alibaba Group debuted its first “FashionAI” concept store.
Jun 29, 2018, Slovenia:
Retail brand by Polish fashion chain LPP is set to open in at CityCenter Celje in Slovenia.
Jun 27, 2018, United Kingdom:
Independent food operator signed for the new dining quarter at The Grafton Cambridge.
Jun 26, 2018, Hungary:
ECE plans to develop a new shopping center in the Hungarian capital.
Jun 22, 2018, USA:
Mall of America owner is moving ahead, planning to bring the nation’s largest project to South Florida.
May 28, 2018, Poland:
Multi’s Polish flagship project opened its doors to the public.
Friend
and Follow
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet
Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store
Westfield World Trade Center GLA:365 000 SF
ADDRESS: World Trade Center, Manhattan, NY 10007


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us