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Aeropostale sees closing 40-50 stores in FY14

For FY14, the company plans to open approximately 11 Aeropostale stores, approximately 5 P.S. from Aeropostale stores, remodel approximately 26 Aeropostale stores, and close approximately 40-50 Aeropostale stores. The company expects to invest approximately $35M in FY14 primarily related to store growth, store remodels and certain infrastructure investments. This compares to capital expenditures of approximately $82M planned for FY13.