True Religion to Open Store in Union Square Retail District in New York City
- Marks Fourth Location for Branded Store in Manhattan - VERNON, Calif.--(Business Wire)--True Religion Apparel, Inc. (Nasdaq:TRLG) today announced the lease signing for its newest branded store in the Union Square retail district of New York City. Located on Broadway, near 17th Street, the 1,440 square-foot branded store will offer shoppers the entire True Religion collection for men, women and kids, including its signature denim, expanding sportswear, and a full range of licensed product, such as footwear, swimwear, headwear and handbags. The store is expected to open in summer of 2008. The Union Square retail district is one of Manhattan's premier shopping, restaurant and tourist destinations with an eclectic mix of high-end luxury tenants and premium brands including Diesel, G-Star, Puma, Juicy Couture and Coach. The recently renovated shopping destination offers locals and visitors an urban thoroughfare with Union Square Park, the popular Greenmarket, multiple theaters, and convenient access to the subway. "The Union Square neighborhood is recognized for its distinct character and premier shopping attractions making it an ideal location for our fourth store in Manhattan," said Jeffrey Lubell, chairman and chief executive officer of True Religion. "Along with our existing SoHo branded store, our new store locations in 2008 on the Upper East Side, the Time Warner Center on the West side and Union Square, should all attract a diverse customer base." "It is estimated that 500,000 people pass through the Union Square corridor each day," said Michael Buckley, president. "With such strong foot traffic, we are confident our True Religion branded store will enhance Union Square's retail environment, as well as serve as a successful location for our growing business." 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
© Thomson Reuters 2008 All rights reserved





