Aeropostale to launch in Thailand and Egypt
Aeropostale Inc. ARO, +16.66% the mall-based apparel retailer, said it signed two licensing agreements that will launch new stores in Thailand and Egypt. The deal with Robinson Department Store Public Company will open about 40 standalone and store-within-a-store locations in Thailand over the next five years. The first store will open in the Robinson Department Store in Sriracha. The agreement with Q and A Retail Company will open approxiamately 40 standalone stores over the next five years in Egypt. The store openings will begin in early 2016. Aeropostale shares are down 71.1% for the year so far. The S&P is up 2.2% for the same period.