Aeropostale

As part of our preview coverage of the upcoming International Council of Shopping Centers’ New York deal-making convention in New York City, Dec. 6 and 7, Chain Store Age talked with Joseph Coradino, president of Pennsylvania Real Estate Investment Trust/PREIT Services, Philadelphia, about retailer attitude and potential deals at the New York convention.

What do you expect the retailer attitude to be at the ICSC New York deal-making show in early December?

Disney Store has opened its largest and most ambitious store to date -- smack in the middle of Manhattan’s Times Square. The 20,000-sq.ft., two-level Disney emporium is about five times bigger than most Disney stores, with a layout that is divided by the company’s most popular franchises.

New Albany, Ohio -- Abercrombie & Fitch Co. on Tuesday reported a profit of $50 million for the quarter ended Oct. 30, compared with $38.8 million in the year-ago period. Its results were helped by improving sales in the United States and international revenue.

Sales rose 18% to $886 million, matching Wall Street expectations. Same-store sales increased 7%. By division, same-store sales rose 8% at namesake stores, 2% at Abercrombie kids stores and 7% at surf-themed Hollister stores.

New York City  -- Aeropostale on Friday opened the doors to its largest store to date: a two-level, 19,000-sq.-ft. global flagship in the heart of New York City’s Times Square. The store is intended to raise the teen retailer’s profile and serve as a platform for its international expansion. By the end of this year, it expects to have 50 stores in Canada and 10 in Dubai.

Aeropostale is betting big on New York City’s Times Square, opening a 19,000-sq.-ft. global flagship -- its largest unit and second street front location to date -- in the heart of the tourist Mecca. It’s estimated that Times Square gets two million visitors on a daily basis.

The two-level store is intended to raise the teen retailer’s profile and serve as a platform for its international expansion. By the end of this year, the chain will have 50 stores in Canada and 10 in Dubai.