Aeropostale Set to Open Up to 55 New Stores in 2010

Fresh off a strong financial performance in its fiscal 2009 year, Aeropostale Inc. (New York) plans to open 50 to 55 new stores and renovate 40 more. The mall-based specialty retailer of casual apparel for young women and men disclosed those plans in its earnings release for 2009, during which it reported a net income of $229.5 million on sales of $2.230 billion.

The retailer’s plans for the coming year include opening 25 Aeropostale stores and 25-30 P.S. from Aeropostale stores, along with about 40 store remodels. Aeropostale says its capital expenditures for FY 2010 will total $80 million, up from $54 million last year.

“In the coming year we look forward to growing both Aeropostale and P.S. from Aeropostale, maximizing our real estate opportunities, and investing in technology and in our infrastructure,” co-ceos Mindy Meads and Thomas Johnson said in a press release. “We are very proud of the accomplishments we have made in our business, and we look forward to achieving another record year in fiscal 2010.”