Aeropostale (ARO) falls 19.9%, reaching a new 52-week low, after the company announces Q2 sales...

|By:, SA News Editor

Aeropostale (ARO) falls 19.9%, reaching a new 52-week low, after the company announces Q2 sales declined 5% Y/Y to $468.2M (below a $490.9M consensus), and same-store sales fell 14%. Aeropostale blames the shortfall on "a lack of balance" to merchandise assortments, and "continued promotional and macroeconomic challenges."