Izard Nobel LLP Announces Class Action Lawsuit Against Aeropostale, Inc.

WEST HARTFORD, CT, Oct 11 (MARKET WIRE) --
The law firm of Izard Nobel LLP, which has significant experience
representing investors in prosecuting claims of securities fraud,
announces that a lawsuit seeking class action status has been filed in
the United States District Court for the Southern District of New York on
behalf of purchasers of the common stock of Aeropostale, Inc.
("Aeropostale" or the "Company") (NYSE: ARO) between February 3, 2011 and
August 3, 2011, inclusive (the "Class Period").

The complaint charges that Aeropostale and certain of its officers and
directors violated federal securities laws by issuing materially false
statements regarding the Company's business and prospects. Specifically,
defendants failed to disclose the following adverse facts: (i) that
Aeropostale was experiencing declining demand for its women's fashion
division, which makes up 70% of the Company's sales; (ii) that
Aeropostale was enduring pressure on its profit margins as a result of
increasing inventory and higher discounts on its clothing; and (iii)
that, as a result, defendants lacked a reasonable basis for their
positive statements about the Company.

On August 4, 2011, Aeropostale provided a business update for the second
quarter of 2011 reporting net sales of $468.2 million, a decrease of 5%
from the second quarter of 2010, and expected net earnings to be in the
range of $0.02 to $0.03 per share -- well below the Company's guidance of
$0.11 to $0.16 per share. On this news, Aeropostale stock fell $3.99, or
24%, to close at $12.53 per share.

If you are a member of the class, you may, no later than December 12,
2011, request that the Court appoint you as lead plaintiff of the class.
A lead plaintiff is a class member that acts on behalf of other class
members in directing the litigation. Although your ability to share in
any recovery is not affected by the decision whether or not to seek
appointment as a lead plaintiff, lead plaintiffs make important decisions
which could affect the overall recovery for class members.

While Izard Nobel LLP has not filed a lawsuit against the defendants, to
view a copy of the Complaint initiating the class action or for more
information about the case, and your rights, visit:
www.izardnobel.com/aeropostale/, or contact Izard Nobel LLP toll-free:
(800)797-5499, or by e-mail: firm@izardnobel.com. For more information
about class action cases in general, please visit our website:
www.izardnobel.com.

CONTACT:
Nancy A. Kulesa or Wayne Boulton
(800)797-5499
www.izardnobel.com
firm@izardnobel.com

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