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Aeropostale’s co-CEO Mindy Meads to leave company
New York City -- Aeropostale announced that, effective immediately, Thomas P. Johnson, co-CEO, has been named CEO. Mindy C. Meads, who has served as co-CEO along with Johnson since February 2010, will leave the company to pursue other interests. She will stay for a short period to ensure a smooth transition.
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Jo-Ann profit up in Q3, to accelerate openings and remodels in fiscal 2012
Hudson, Ohio -- Jo-Ann Stores reported net income for its fiscal 2011 third quarter ended Oct. 30, of $29.1 million, up from $24.1 million in the year ago period. The retailer also raised its full-year outlook.
Net sales for the third quarter increased 5.1% to $535.3 million, from $509.1 million last year. Same-store sales increased 4.1%.
Chairman and CEO Darrell Webb said the chain was encouraged by the results in its new and remodeled stores, and was increasing its plan for both new store openings and remodel projects in fiscal 2012.