14.07.2008 13:00:00
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True Religion Opens New Store in Time Warner Center in New York, NY
True Religion Apparel, Inc. (Nasdaq:TRLG) today announced the opening of
a new branded retail store at Time Warner Center’s
The Shops at Columbus Circle in New York, New York. Located at 10
Columbus Circle, the 1,850 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.
Centrally located at the intersection of 59th,
Columbus Circle, Broadway and Central Park South, Time Warner Center is
recognized as one of the nation’s premiere
shopping and dining venues with access to some of the finest dining,
shopping and culture that New York City has to offer. Encompassing over
2.8 million square feet of retail space, this mixed use property
includes some of the finest names in luxury retail including Tourneau,
Coach, Thomas Pink and BOSS Hugo Boss, as well as Manhattan’s
largest Whole Foods and an Equinox Fitness club. The Center also
features Jazz at Lincoln Center’s three
performance halls, the Time Warner Headquarters, The Residences at the
Mandarin Oriental and the Mandarin Oriental five-star luxury hotel.
"We are pleased to make the entire collection
of True Religion apparel available to the residents and visitors of New
York’s west side,”
said Jeffrey Lubell, chairman, chief executive officer and creative
director of True Religion Apparel, Inc. "The
Shops at Columbus Circle is New York’s retail
destination for fashion and sophistication, offering an exciting
selection of luxury retailers. The Center's upscale reputation,
fashionable customer base and central location serve to support our
premium brand well."
"We are excited to open our third store in
Manhattan, which we believe will compliment our existing SoHo and Upper
East Side locations,” said Michael Buckley,
president of True Religion Apparel, Inc. "Over
1.3 million residents in the immediate trade area have average household
incomes in excess of $97,000 per year. These strong demographics, when
combined with the high traffic, high volume attributes of the Center,
gives us confidence in the future financial performance of the store.” 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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