Aeropostale goes to Ireland

Article Excerpt

AEROPOSTALE INC. $0.68 (New York symbol ARO; TSINetwork Rating: Extra Risk) (646-485-5410; www.aeropostale.com; Shares outstanding: 79.6 million; Market cap: $53.3 million; No dividends paid) recently opened its first location in Ireland, at Dublin’s Liffey Valley Shopping Centre, one of the country’s biggest malls. The Dublin store is operated through a licensing agreement with Shuz 4 U International Ltd. Over the next five years, Aeropostale expects to open 10 more locations in Western Europe through this partnership. The company should be able to repeat its previous success at attracting new customers, but its sales may remain weak in the near term. Aeropostale is still a hold. hold…