04.12.2007 13:00:00
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True Religion to Open Store in Tanger Outlet Center Riverhead II, Riverhead, NY
True Religion Apparel, Inc. (NASDAQ:TRLG) today announced the lease
signing of its newest premium outlet store at the Tanger Outlet Center
Riverhead II in Riverhead, NY on Long Island. Scheduled to open in
Summer 2008, the 2,500 square-foot True Religion outlet store will carry
men’s, women’s, and
kids denim and other apparel.
Celebrating its 25th anniversary as one of the
country’s leading outlet center companies in
2006, Tanger Factory Outlet Centers Inc. (NYSE:SKT) operates 35 outlet
centers in 23 states coast to coast. The Riverhead, NY outlet, which
draws customers from the New York City metropolitan area and beyond,
features stores such as Saks Off 5th, Barneys New York, Coach Factory,
Kate Spade, Michael Kors, Lacoste, Cole Haan, Juicy Couture, Polo Ralph
Lauren and Giorgio Armani.
"We are pleased with this new addition to our
roster of premium outlet stores and look forward to expanding our reach
in New York and bringing our True Religion brand to a broader array of
customers,” said Jeffrey Lubell, chairman and
chief executive officer.
"Our retail expansion plans are moving along
swiftly and are balanced with a careful blend of full price and outlet
stores,” said Michael Buckley, president. "Our
first New York outlet store at the Woodbury Common Premium Outlets has
been a success and we believe the demographics and co-tenants at the
Tanger Center in Riverhead will offer the same opportunity for us to
grow the True Religion brand.” 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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