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Aeropostale CEO out; replaced by company’s former CEO, Julian Geiger
New York -- Aeropostale announced that Julian R. Geiger has rejoined the company as CEO, effective immediately. He succeeds Thomas P. Johnson, a former Brooks Brother executive who was appointed to the top spot at Aeropostale after Geiger left his CEO post in 2010.
In 2011, Geiger was named president and CEO of Crumbs Bake Shop. He resigned from Crumbs at the end of December 2013, and rejoined the Aeropostale board in May. (Crumbs closed all its stores in July 2014.)
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Urban Outfitters sees record Q2 sales, profit slides
Philadelphia -- Urban Outfitters Inc. reported that profit for the second quarter dipped to $67.5 million, compared with $76.4 million last year.
Revenue rose to a record $811 million from $758.5 million, solidly beating analysts’ projections of $805 million in sales. Same-store sales increased 21% at Free People and 6% at the Anthropologie Group, and decreased 10% at Urban Outfitters.
Urban Outfitters operates under the Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters banners.
