VERNON, Calif.--(Business Wire)--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.
True Religion Apparel, Inc.
Pete Collins, Chief Financial Officer, 323-266-3072
or
PondelWilkinson Inc.
Rob Whetstone, 310-279-5980
Copyright Business Wire 2007
