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Aeropostale Sinking Again

Shares of the teen retailer Aeropostale Inc (NYSE:ARO) are down double digits  in early trading as a result of wider than expected fourth quarter losses. The retailer reported fourth quarter losses of 35 cents a share, four cents higher than consensus estimates. Compare to sales of $797.7 million a year ago, sales in the fourth quarter dropped 16 percent to $670 million. In addition, same store sales also took a 15 percent nosedive. Year-to-date, Aeropostale shares are down over 31 percent.