2008-05-05 23:59:01 -
- True Religion Apparel, Inc. (Nasdaq: TRLG) today announced the opening of a new branded retail store in Fashion Centre at Pentagon City in Arlington, Virginia. Located at 1100 S. Hayes Street, the 1,695 square-foot branded store will offer shoppers the entire True Religion branded collection for men, women and kids, including its signature denim styles, its expanding sportswear line
including knits and wovens, and a full range of licensed product, such as footwear, swimwear, headwear and handbags.
Easily accessible from both the Washington, D.C. Metro and all major highways, the Fashion Centre at Pentagon City is ranked as one of the country's highest-grossing retail centers with sales in excess of $700 per square foot. The center spans over 900,000 square feet and features more than 170 stores and restaurants, including Nordstrom and a selection of premier retailers such as Coach, Cole Haan, Guess, Apple, BCBG Maxazaria, and Armani Exchange. Additionally, attached to the center is a Ritz Carlton Hotel and a 12 Story Class A office tower.
"We are pleased to partner with one of the premier retail centers in the country in our efforts to grow our retail store base," said Jeffrey Lubell, chairman and chief executive officer of True Religion Apparel, Inc. "We are confident that our core denim styles coupled with our expanding product assortment will resonate with the residents of the Washington, D.C. metro area."
"We believe this high traffic and high volume mixed use property is an ideal location for us to grow the True Religion brand, and we are excited to be making our entrance into the Washington, D.C. market," 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.
True Religion Apparel, Inc.
Pete Collins, Chief Financial Officer, 323-266-3072
or
Investor Relations
ICR, Inc.
Andrew Greenebaum / Laura Foster, 310-954-1115
