ARO: Aeropostale Sales Slow in May
Small Cap Watch List (Track at Marketocracy) member Aeropostale, Inc. (ARO) announced that total net sales for the four-week period ended June 2, 2007 increased 19.3% to $88.1 million, from $73.9 million for the four-week period ended May 27, 2006. Same store sales for the month increased 1.9%, compared to the corresponding four-week period ended June 3, 2006.
The same store sales figure represents a slowdown from the 2.9% March-April average (both of which months were affected by the early Easter) and the 2.4% year-to-date figure.
Granted, a single mall-based teen retailer does not necessarily represent what is happening in the broader economy. But if the coming same-store sales numbers at other retailers follow suit, it has bad implications for the last remaining leg holding up the GDP stool.
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[…] same store sales increased 1.9%, compared to the corresponding period ended June 3, 2006. In May same store sales were up 1.9%, and the average for March and April (both of which were skewed by the early Easter) […]