05.06.2008 16:00:00
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True Religion Opens New Store at Ala Moana Center in Honolulu, HI
True Religion Apparel, Inc. (Nasdaq:TRLG) today announced the opening of
a new branded retail store in the Ala Moana Center in Honolulu, Hawaii.
Located at 1450 Ala Moana Boulevard, the 1,146 square-foot branded store
will offer shoppers the entire True Religion collection for men, women
and kids, including its signature jean styles, its expanding denim and
sportswear collection, and a full range of licensed product, such as
footwear, swimwear, headwear and handbags.
Ala Moana Center is Hawaii’s premier shopping
destination, encompassing over 1.8 million square feet of retail space
and home to over 250 stores and nearly 70 dining establishments. Ala
Moana, which is the world’s largest open air
center, is in the final phase of a major expansion which will include a
new two-level retail concourse and the first and only Nordstrom in the
state of Hawaii. The center features several premium and luxury
retailers including Neiman Marcus, Louis Vuitton, Tiffany, Prada,
Emporio Armani, Chanel and Gucci. Conveniently located just miles from
the Honolulu airport and the world-renowned Waikiki Beach, Ala Moana
Center provides an upscale, cosmopolitan shopping destination for both
local and international shoppers, with more than 42 million shopping
visits per year.
"We are very excited to introduce our branded
retail stores to the Hawaiian marketplace. We expect that our
merchandise, which is infused with our ‘Malibu
bohemian, hippie chic’ perspective, will
resonate with the Ala Moana shoppers,” said
Jeffrey Lubell, chairman and chief executive officer of True Religion
Apparel, Inc.
"Ala Moana was the first U.S. based mall to
achieve greater than $1 billion in annual sales and its sales per square
foot exceed $1,200 per year. These strong financial metrics, when
combined with the heavy foot traffic generated by the center, make Ala
Moana an ideal location for our expanding retail store base,”
said Michael Buckley, president of True Religion Apparel, Inc.
About True Religion Apparel, Inc.
True Religion Apparel, Inc. is a growing, design-based premium
aspirational brand. The company designs, manufactures and markets True
Religion Apparel products, including its premium True Religion Brand
Jeans. Its expanding product line, which includes high quality
distinctive styling and fit in denim, sportswear, and licensed products,
may be found in premium department stores and boutiques in 50 countries
around the world, including the United States, Canada, Germany, United
Kingdom, Japan, Korea, France, Spain, Sweden, Greece, Italy, Mexico,
Australia, South Africa and China. For more information, please visit www.truereligionbrandjeans.com.
This press release contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These statements are based upon our
current expectations and speak only as of the date hereof. Our actual
results may differ materially and adversely from those expressed in any
forward-looking statements as a result of various factors and
uncertainties, including uncertainties as to the nature of the apparel
industry, including changing customer demand and tastes, seasonality,
customer acceptance of new products, the impact of competitive products
and pricing, dependence on existing management and general economic
conditions. Our Annual Report on Form 10-K, recent and forthcoming
Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and
other SEC filings discuss some of the important risk factors that may
affect our business, results of operations and financial condition. The
Company undertakes no obligation to revise or update publicly any
forward-looking statements for any reason.
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