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Aéropostale posts lower-than-expected holiday sales, cuts outlook
New York -- Aeropostale Inc. reported Thursday that sales for the nine-week holiday selling period ended Dec. 29 fell 6% to $645 million. Same-store sales, including e-commerce, dropped 8%.
The retailer has cut its earnings guidance for the fourth quarter. -
UL expands product safety capacity
UL has more than doubled its product testing capability by relocating to a new 48,000-sq.-ft. facility in Enfield, CT.
The company, whose ubiquitous UL trademark appears on all manner of products, said the relocation will enable it to more efficiently meet the growing demand for the company’s analytical, physical, performance and compliance testing of consumer products for retailers and manufacturers doing business in the U.S.