NEW YORK — Increased promotional pressures erased a sales gain at Aeropostale Inc. and led to an 8.3 percent decrease in third-quarter profits.

The New York-based specialty retailer, which sells casual apparel and accessories to young adults, said for the three months ended Nov. 2, its income dropped to $15 million, or 39 cents a share, at the upper end of its revised guidance. Income in the year-ago quarter was $16.4 million, or 45 cents, including income of $1.6 million related to an accounting change for negative goodwill. Excluding the gain, earnings were 40 cents.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus