AEROPOSTALE INC. $1.51 (New York symbol ARO; TSINetwork Rating: Extra Risk)(646-485-5410; www.aeropostale.com; Shares outstanding: 79.5 million; Market cap: $121.7 million; No dividends paid) plans to open licensed stores in India and Indonesia under agreements with Arvind Lifestyle Brands Ltd. in India and PT Mitra Adiperkasa TBK in Indonesia.
In India, the plan includes 50 stand-alone outlets, 150 in-store shops in select locations and the launch of e-commerce operations over the next five years, beginning in March 2016.
In Indonesia, Aeropostale expects to open 10 to 12 stand-alone stores over the next five years, with its first outlet opening in Jakarta in late 2016.
Aeropostale is still a hold.