Aeropostale, Inc. (ARO) - NYSE
  • Sat, May 14, 11:01 AM
    • The retail sector stays in focus next week with Target (NYSE:TGT), Wal-Mart (NYSE:WMT), TJX Companies (NYSE:TJX), and Ross Stores (NASDAQ:ROST) all due to report on Q1 earnings to follow on a week of dismal reports and guidance from the department store sector (Nordstrom, L BrandsMacy's, Kohl's). Home improvement chains Home Depot (NYSE:HD) and Lowe's (NYSE:LOW) are also due to spill numbers.
    • The story from the Commerce Department's April read of retail sales (+3.0% Y/Y, +1.3% M/M) is one of a consumer spending on housing, entertainment, and personal care/fitness over apparel and general merchandise. The 10% Y/Y gain in the nonstore retailer category also tipped that the Amazon (NASDAQ:AMZN) Effect is magnifying.
    • Amplify ETFs CEO Christian Magoon tells Seeking Alpha that the traditional retail model appears to be broken. Amplify's Online Retail ETF (NASDAQ:IBUY) is a bet on companies such as Netflix (NASDAQ:NFLX), GrubHub (NYSE:GRUB), Blue Nile (NASDAQ:NILE), and Shopify (NYSE:SHOP) that are reeling in millennial dollars.
    • Magoon on retail: "Traditional retailers face the headwinds of higher cost structures including the very real threat of increasing wages in the form of the $15 minimum wage campaign. Less flexible with inventory management, they also are more vulnerable to issues like weather and changing consumer preferences."
    • Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE.
    • Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
    | Sat, May 14, 11:01 AM | 37 Comments
  • Wed, May 4, 2:06 AM
    • Struggling teen apparel retailer Aeropostale (NYSE:ARO) has filed for Chapter 11, marking the latest high-profile bankruptcy that follows meltdowns at American Apparel, Quiksilver and Sports Authority.
    • According to a court filing, the company listed assets and liabilities in the range of $100M-$500M, and plans to emerge from the Chapter 11 process within the next six months as a standalone enterprise with a smaller store base.
    • The NYSE suspended trading and delisted Aeropostale shares on April 21.
    | Wed, May 4, 2:06 AM | 6 Comments
  • Mon, May 2, 6:54 PM
    • Aeropostale (AROP -7.7%), delisted by the NYSE just over a week ago, is preparing a bankruptcy filing for this week in which it would close more than 100 of its 800 stores at first, The Wall Street Journal reports.
    • The filing is expected to come before May rents are due, and the teen-focused retailer is working with specialty lender Crystal Financial on a loan for operational financing.
    • It would be the latest in a string of filings for mall-focused specialty retailers. Pacific Sunwear pursued bankruptcy last month, and Cache Inc., Wet Seal, and Quiksilver filed for Chapter 11 last year.
    • Now read 4 Reasons Why I'm Out Of Aeropostale »
    | Mon, May 2, 6:54 PM | 3 Comments
  • Fri, Apr. 22, 1:48 PM
    | Fri, Apr. 22, 1:48 PM
  • Thu, Apr. 21, 3:32 PM
    | Thu, Apr. 21, 3:32 PM | 5 Comments
  • Thu, Apr. 21, 2:17 PM
    • Aeropostale (NYSE:AROdives 27.7% to $0.151 with Bloomberg reporting that a bankruptcy could be filed by the company as soon as this month.
    • Sources say Aeropostale wants to reorganize with a Chapter 11 filing.
    • Mall retailer peers Abercrombie & Fitch (ANF -2.2%), Express (EXPR -2.9%), Tilly's (TLYS -2%), and American Eagle Outfitters (AEO -1.6%) are also notably lower on the day.
    • Now read A Few Thoughts Inspired By Saturday Shopping
    | Thu, Apr. 21, 2:17 PM
  • Tue, Apr. 19, 10:36 AM
    • Aeropostale (ARO +0.9%) is bringing in more advisers as it contemplates a sale or restructuring of the business, sources tell Bloomberg.
    • The company is in crisis mode as a dispute with lender Sycamore Partners continues.
    • Last week, management noted that it was too distracted with the Sycamore battle to get around to finishing the annual report.
    • Aeropostale trades at less than a quarter per share after a devastating 94% 52-week drop. SA contributor Vince Martin told you all about the impending disaster before it unfolded.
    | Tue, Apr. 19, 10:36 AM | 7 Comments
  • Fri, Apr. 15, 9:16 AM
    • American Eagle Outfitters (NYSE:AEO) announces that it ended the practice of "on-call" shifts.
    • The company says the new policy is being reinforced across the American Eagle store fleet.
    • The use of on-call shifts in the retail sector continues to generate significant negative publicity for many chains, and has the Illinois Attorney General along with counterparts in other states asking questions.
    • Other companies which are under on-call scrutiny include Carter's (NYSE:CRI), Aeropostale (NYSE:ARO), Coach (NYSE:COH), David's Tea (NASDAQ:DTEA), Justice (NASDAQ:ASNA), Tilly's (NYSE:TLYS), and Uniqlo (OTCPK:FRCOY).
    • Now read Should You Buy Retail ETFs Despite Soft Sales?
    | Fri, Apr. 15, 9:16 AM | 16 Comments
  • Thu, Apr. 7, 12:55 PM
    • Mall retailers are trading off today after the news on traffic trends from the small batch of monthly reporters didn't impress.
    • Another potential factor was the overall gloomy tone from Pacific Sunwear's (PSUN -45.3%) bankruptcy filing on younger consumers. The retailer noted that discretionary spending from the key demographic is going to dining and technology over apparel.
    • Notable decliners include J.C. Penney (JCP -5.1%), Nordstrom (JWN -4.5%), Dillard's (DDS -5.1%), Sears Holdings (SHLD -3.6%), Gap (GPS -3.8%), American Eagle Outfitters (AEO -3.9%), Urban Outfitters (URBN -3.9%), Abercrombie & Fitch (ANF -3%), Express (EXPR -2.2%), Guess (GES -2%), Bucke (BKE -10.2%), Zumiez (ZUMZ -4.4%), and  Aeropostale (ARO -9.6%).
    • Now read A Few Thoughts Inspired By Saturday Shopping 
    | Thu, Apr. 7, 12:55 PM | 28 Comments
  • Thu, Mar. 17, 6:16 PM
    • "The Board of Directors of Aéropostale has authorized management to explore a full range of strategic and financial alternatives, including a potential sale or restructuring of the Company," says Aeropostale (NYSE:ARO) in its FQ4 report. Stifel has been hired to help out.
    • Aeropostale also notes it's in a dispute with MGF Sourcing, an affiliate of P-E investor Sycamore Partners. The apparel retailer notes the dispute "is causing a disruption in the supply of some merchandise, which, if unresolved, could cause a liquidity constraint." Aeropostale's 2014 financing deal with Sycamore included an apparel-sourcing agreement with MGF.
    • Shares are down 50% after hours to $0.24 after Aeropostale missed FQ4 sales estimates (EPS was in-line) and reported a 6.7% Y/Y drop in comparable sales (slightly better than FQ3's 10% drop). Gross margin fell 240 bps Y/Y to 20.3%. SG&A spend was 24.1% of revenue vs. 24.7% a year ago.
    • FQ1 guidance is for EPS of -$0.35 to -$0.42 vs. a -$0.40 consensus. Aeropostale notes the MGF dispute could increase its op. loss by $5M-$8M if it continues experiencing shipping delays. The FY16 (ends Jan. '17) capex budget is a modest $14M (compares with FY15 capex of $15.7M).
    • 811 stores were open at the end of FQ4, down by 13 Q/Q and 47 Y/Y. Aeropostale ended FQ4 with $65.1M in cash and $143M in debt.
    • Aeropostale's FQ4 results, earnings release
    | Thu, Mar. 17, 6:16 PM | 17 Comments
  • Thu, Mar. 17, 4:17 PM
    • Aeropostale (NYSE:ARO): Q4 EPS of -$0.14 in-line.
    • Revenue of $498M (-16.1% Y/Y) misses by $21.69M.
    • Shares -6%.
    • Press Release
    | Thu, Mar. 17, 4:17 PM | 2 Comments
  • Wed, Mar. 16, 5:35 PM
  • Tue, Jan. 12, 7:02 PM
    • Aeropostale (NYSE:ARO) announces it will target $35M to $40M in annual costs through some workforce eliminations and a lower level of indirect spending.
    • The slumping retailer says it will cut 100 corporate jobs by the end of the fiscal year as part of the tightening.
    • Shares of Aeropostale closed at $0.247 today as its destiny with a reverse stock split draws closer. Some analysts blame the company's off trend assortment for part of its troubles.
    | Tue, Jan. 12, 7:02 PM | 17 Comments
  • Dec. 31, 2015, 4:57 PM
    • Industry tracking shows cold weather apparel sales are still well-below last year's level even with the recent cold snap in the U.S. Northeast and Midwest.
    • Consumer Growth Partners notes a high level of markdowns has held back revenue in the sector due to a higher mix of post-Christmas sales.
    • Though the warmer weather helped sales in other categories, it's not nearly enough to offset the markdown activity on items such as winter coats and sweaters.
    • Several investment firms have clipped Q4 EPS estimates on mall retailers due to concerns over apparel markdowns.
    • Related stocks: COLM, DKS, LE, ARO, ANF, AEO, M, JCP, DDS, JWN, VFC.
    | Dec. 31, 2015, 4:57 PM | 5 Comments
  • Dec. 9, 2015, 9:06 AM
    • The extended forecast from the National Weather Service for the U.S. shows the warm weather trend continuing for a large portion of the nation.
    • The warm snap already impacted some categories in the retail sector around the Black Friday to Cyber Monday period, but now threatens to dampen or push out later on the calendar sales for certain items.
    • The weather excuse is a frequent topic on Q4 earnings conference calls.
    • The flip side of the U.S. weather issue is the performance of FedEx (NYSE:FDX) and UPS (NYSE:UPS). The shippers benefit on the expense side from calm weather in high population areas during the holiday period.
    • Snow cover map of the U.S.
    • Weather-watching: DKS, ACAT, HIBB, DKS, CRI, DECK, LE, COLM, ARO, AEO, ANF, TGT, UA, FL, FINL.
    | Dec. 9, 2015, 9:06 AM | 3 Comments
  • Dec. 2, 2015, 4:22 PM
    • Aeropostale (NYSE:ARO): Q3 EPS of -$0.31 beats by $0.04.
    • Revenue of $363.3M (-19.8% Y/Y) misses by $29.37M.
    • Shares +2.29%.
    | Dec. 2, 2015, 4:22 PM | 1 Comment
Company Description
Aéropostale, Inc. is a retailer of casual apparel and accessories which focuses in the selection of fashion basic merchandise. It operates through Retail Stores and E-commerce, and International Licensing segments. The Retail Stores and E-commerce segment includes the aggregation of the... More
Sector: Services
Industry: Apparel Stores
Country: United States