By  on August 19, 2011

Shares of Aéropostale Inc. dropped 10.3 percent in after-market trading Thursday after the teen retailer reported a 93.3 percent decline in second-quarter profits and said it expected third-quarter earnings to fall below Wall Street estimates.

Chief executive officer Thomas Johnson told analysts and investors on a conference call that the company experienced weakening trends in June and July, as a result of “sharply lower consumer demand.”

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus