True Religion Opens New Store at San Diego's Fashion Valley
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VERNON, Calif.--(Business Wire)-- True Religion Apparel, Inc. (Nasdaq: TRLG) today announced the opening of a new branded retail store at Fashion Valley in San Diego, California. Located at 7007 Friars Road, the 1,744 square-foot branded store will offer shoppers the entire True Religion 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. Spanning over 1.7 million square feet, Fashion Valley is a super-regional, outdoor shopping center featuring over 200 stores and restaurants. Largely recognized as San Diego's premier shopping destination, Fashion Valley attracts over 18 million shoppers annually. Fashion Valley is one of three shopping venues in the world with the combination of Neiman Marcus, Saks Fifth Avenue, Nordstrom and Bloomingdale's. The center is currently undergoing a remerchandising to include several new luxury tenants, all of whom have chosen Fashion Valley to open their first store in San Diego including Barney's New York Co-Op, CH Caroline Herrera, Hermes, Jimmy Choo, Just Cavalli, M Missoni, Michael Kors and Tourneau. "We are very excited to announce the opening of our first True Religion branded store in the San Diego marketplace," said Jeffrey Lubell, chairman and chief executive officer of True Religion Apparel, Inc. "Fashion Valley, which is home to some of the finest names in luxury retail, is recognized as San Diego County's premier shopping destination, making it an excellent retail environment to showcase the True Religion brand." "Fashion Valley attracts more than 18 million shoppers annually. With such strong foot traffic, we are confident our True Religion branded retail store will contribute to the continued growth of our consumer direct segment," 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 Copyright Business Wire 2008
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