Aeropostale posts Q2 loss; projects wider loss for current quarter

New York -- Aeropostale Inc. on Thursday reported a second-quarter loss that was less than the Wall Street expected. It also forecast a bigger-than-expected loss for the current quarter.
 
Aeropostale, which has lost money for seven consecutive quarters, reported a net loss for the second quarter of fiscal 2014 of $63.8 million, compared to a loss of $33.7 million in the year-ago period.

Net sales decreased 13% to $396.2 million, from $454.0 million in the year ago period. Same-store sales, including the e-commerce channel, decreased 13%.
  
The retailer recently announced Julian Geiger will return as its CEO. Geiger was chairman and CEO of Aeropostale from 1998 to 2010, when he stepped down and was replaced by Thomas Johnson.
 

Recommended stories

Login or Register to post a comment.