Teen apparel retailer Aeropostale saw its first quarter profit slump, with comparable store sales down 7%.
Ecommerce sales, however, were up 18% to $28.2 million, and the US company said it expected second quarter earnings per share of $0.11-0.16.
“Our outlook for the second quarter reflects our plans to aggressively clear through spring inventories to position ourselves appropriately for the important back-to-school selling season,” said CEO Thomas Johnson.
“While we are disappointed with our current performance, we are confident that our entire organization is focused on the right initiatives to regain market share.”
