True Religion Opens New Branded Retail Store at Park Meadows in Denver, Colorado Market
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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 Park Meadows in Lone Tree, Colorado. Located at 8401 Park Meadows Center Drive, the 2,360 square-foot branded retail store will offer shoppers the entire True Religion collection for men, women and kids, including its signature jean styles, its expanding denim, sportswear and handbag collection, and a full range of licensed product, such as footwear, swimwear, headwear and fragrances. Encompassing over 1.6 million square feet of retail space, Park Meadows is a premier indoor-outdoor shopping center. Park Meadows is located at the junction of I-25 and highway 470, providing convenient access to the broader Denver marketplace. Park Meadows is home to over 160 premium retailers, including Nordstrom, Coach, Juicy Couture and Apple; recently, Park Meadows completed an expansion that includes a 150,000 square foot outdoor lifestyle center and seven new restaurants. Located southeast of Denver in the Tech Corridor area, Park Meadows is within five miles of over 165,000 residents with annual incomes exceeding $115,000. "We are pleased to enter the Denver marketplace with the opening of our Park Meadows retail store," said Jeffrey Lubell, chairman, chief executive officer and chief merchant of True Religion Apparel, Inc. "Our Park Meadows store will extend the reach of the True Religion brand by offering consumers the entire assortment of our branded product that is not replicated elsewhere in the Denver marketplace." "Park Meadows` premier reputation, upscale shopping experience and affluent customer base exemplifies the characteristics we seek as we expand our branded retail store base," said Michael Buckley, president of True Religion Apparel, Inc. "We remain on track to open an additional 10 stores in 2009 and are excited about the prospects for this slate of stores." About True Religion Apparel, Inc. True Religion Apparel, Inc. is a growing, design-based jeans and jean-related sportswear 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 contemporary 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. Laura Foster, 310-954-1100 Copyright Business Wire 2009
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