WASHINGTON (dpa-AFX) - Aeropostale, Inc. (ARO), a mall-based specialty retailer of casual apparel for young women and men, announced that Julian Geiger has rejoined the company as Chief Executive Officer or CEO, effective immediately.
Aeropostale also said that Geiger will continue to serve as a member of the company's Board of Directors.
Aeropostale's Board of Directors and Thomas Johnson, mutually agreed that Johnson will step down from his role as Chief Executive Officer and director of the company. Johnson has agreed to remain available for the company to ensure a smooth transition.
For the second quarter of fiscal 2014, net sales decreased 13% to $396.2 million, from $454.0 million a year ago. Comparable sales, including the e-commerce channel, for the second quarter decreased 13% compared to the corresponding 13-week period ended August 3, 2013.
The company now expects its second quarter operating loss to be in the range of approximately $61.0 to $64.0 million, or $0.80 to $0.83 per share, which includes net charges totaling approximately $29.0 to $31.0 million or $0.37 to $0.39 per share, that were not previously reflected in the company's original second quarter guidance.
Excluding the charges, the company now expects its second quarter operating loss to be in the range of $36.0 to $38.0 million, or net loss $0.42 to $0.45 per share, compared to the original guidance of operating losses in the range of $49.0 to $54.0 million, or a net loss in the range of $0.55 to $0.61.
Analysts now expect second quarter loss of $0.58 per share.
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