VERNON, Calif. -- True Religion Apparel, Inc. (Nasdaq: TRLG) today announced the lease signing for a branded store at the Fashion Centre at Pentagon City in Arlington, VA. The 1,695 square-foot True Religion branded store will showcase the entire True Religion collection for men, women and kids, including its signature denim, expanding sportswear, and full range of licensed product, such as footwear, swimwear, headwear and handbags. The store is expected to open in Spring of 2008.
Located near the nation's capital and the Pentagon, the Fashion Centre at Pentagon City is ranked as one of the country's highest-grossing retail centers with sales in excess of approximately $700 per square foot. The True Religion store will be located in the Nordstrom wing, with Tourneau and Movado nearby as well as the entrance to Ritz Carlton Hotel. The mall also features more than 170 restaurants and stores, including Coach, Cole Haan, Guess, Apple, BCBG Maxazaria, and Armani Exchange. The Centre spans over 900,000 square-feet, features an adjacent 12 story Class A office tower, and is easily accessible via the Washington, D.C. Metro system and all major freeway systems.
led t8 tube"The Fashion Centre at Pentagon City provides an excellent retail environment to showcase the True Religion brand and an opportunity for the local Washington, D.C. area residents and visitors to our capital to see our expanding Brochures Printing collection," said Jeffrey Lubell, chairman and chief executive officer.
"Expanding into the Washington D.C. region is an important component of our national retail roll-out program, and the high traffic and high volume attributes of this mixed-use property are ideal for supporting growth of the True Religion brand," said Michael Buckley, president.
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 .
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
embroidered patches 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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