Aeropostale Announces Expansion Plans In Asia - Quick Facts

(RTTNews) - Aeropostale, Inc. (ARO), a mall-based specialty retailer of casual apparel for young women and men, announced expansion plans throughout Asia with new licensing agreements in India and Indonesia.

The company said it plans to open stores in India through a licensing agreement with Arvind Lifestyle Brands Limited, and in Indonesia through a licensing agreement with PT Mitra Adiperkasa TBK or MAP.

Aeropostale's expansion plans in India include the opening of 50 standalone stores, 150 shop-in-shops in select locations, and e-commerce operations across the country over the next five years, beginning in March 2016. In addition, the Company expects to open 10 to 12 standalone stores in Indonesia over the next five years, with its first store opening in Jakarta in Fall 2016.