United Retail Group Announces Appointment of Aaron J. Fleishaker to Position of Senior Vice President, Real Estate
05 Dezembro 2006 - 1:26PM
Business Wire
United Retail Group, Inc. (NASDAQ-GM: �URGI�) today announced that
the Company has appointed Mr. Aaron J. Fleishaker to the position
of Senior Vice President, Real Estate. Mr. Fleishaker joins United
Retail Group with more than 20 years experience in the real estate
and retail industries. George Remeta, the Company�s Vice Chairman
and Chief Administrative Officer, commented: �Expanding the number
of our stores is a centerpiece of our growth strategy. While our 5%
increase in sales for the first nine months of fiscal 2006
demonstrates the effectiveness of our merchandise repositioning,
our strict site selection criteria for new stores is also an
important part of our success as we continue to grow. Aaron�s
appointment as Senior Vice President, Real Estate is a critical
component of our new store rollout strategy.� Prior to joining
United Retail Group, Mr. Fleishaker most recently served as Senior
Managing Director, Equity Investments with DJM Asset Management,
where he formed a new division focused on the acquisition of
value-added real estate. Previously, Mr. Fleishaker served as
Executive Vice President at KIMCO Realty Corporation and was
responsible for oversight of nationwide Leasing, Property
Management and Construction as well as the redevelopment and
re-leasing of more than 30 former Kmart locations. He held the
position of Senior Vice President, General Counsel, Director of
Real Estate at Modell�s Sporting Goods from 1992 to 2002 and also
served as General Counsel for Dresses for Less from 1989 to 1991.
Mr. Fleishaker began his career in legal positions at Goldberg,
Weprine and Ustin and Shearson Lehman Hutton Touche Ross &
Company. Mr. Fleishaker holds a BS of Business Administration from
Boston University School of Management and a JD from Boston
University School of Law. Mr. Remeta added: �We are very excited to
have Aaron join our executive team in this role focused on real
estate and the expansion of our store base. Aaron brings a high
degree of experience not only in real estate but also in the
specialty store retail industry. We are confident in his ability to
make strong contributions to United Retail Group as we continue to
implement our growth plans and build on the strengths of our
business to maximize shareholder value over the long-term.� United
Retail Group, Inc. is a specialty retailer of large-size women�s
fashion apparel, footwear and accessories featuring AVENUE� brand
merchandise. The Company operates 490 AVENUE� stores with 2,157,000
square feet of selling space, as well as the AVENUE.COM� website at
www.avenue.com. The above release contains certain brief
forward-looking statements concerning the Company�s operations and
performance. The Company cautions that any forward-looking
statements are summary in nature, involve risks and uncertainties
and are subject to change based on various important factors, many
of which may be beyond the Company�s control. Accordingly, the
Company�s future performance and financial results may differ
materially from those expressed or implied in any such
forward-looking statements. The following additional factors, among
others, could also affect the Company�s actual results and could
cause actual results to differ materially from those expressed or
implied in any forward-looking statements included in this release
or otherwise made by management: threats of terrorism; war risk;
shifts in consumer spending patterns, overall economic conditions;
the impact of increased competition; variations in weather
patterns; uncertainties relating to execution of the Company�s
product repositioning strategy; store lease expirations; the
ability to retain, hire and train key personnel; risks associated
with the ability of the Company�s manufacturers to deliver products
in a timely manner; political instability and other risks
associated with foreign sources of production and increases in fuel
costs. The reports filed by the Company with the Securities and
Exchange Commission contain additional information on these and
other factors that could affect the Company�s operations and
performance. The Company does not intend to update the
forward-looking statements contained in the above release, which
should not be relied upon as current after today�s date. United
Retail Group, Inc. (NASDAQ-GM: "URGI") today announced that the
Company has appointed Mr. Aaron J. Fleishaker to the position of
Senior Vice President, Real Estate. Mr. Fleishaker joins United
Retail Group with more than 20 years experience in the real estate
and retail industries. George Remeta, the Company's Vice Chairman
and Chief Administrative Officer, commented: "Expanding the number
of our stores is a centerpiece of our growth strategy. While our 5%
increase in sales for the first nine months of fiscal 2006
demonstrates the effectiveness of our merchandise repositioning,
our strict site selection criteria for new stores is also an
important part of our success as we continue to grow. Aaron's
appointment as Senior Vice President, Real Estate is a critical
component of our new store rollout strategy." Prior to joining
United Retail Group, Mr. Fleishaker most recently served as Senior
Managing Director, Equity Investments with DJM Asset Management,
where he formed a new division focused on the acquisition of
value-added real estate. Previously, Mr. Fleishaker served as
Executive Vice President at KIMCO Realty Corporation and was
responsible for oversight of nationwide Leasing, Property
Management and Construction as well as the redevelopment and
re-leasing of more than 30 former Kmart locations. He held the
position of Senior Vice President, General Counsel, Director of
Real Estate at Modell's Sporting Goods from 1992 to 2002 and also
served as General Counsel for Dresses for Less from 1989 to 1991.
Mr. Fleishaker began his career in legal positions at Goldberg,
Weprine and Ustin and Shearson Lehman Hutton Touche Ross &
Company. Mr. Fleishaker holds a BS of Business Administration from
Boston University School of Management and a JD from Boston
University School of Law. Mr. Remeta added: "We are very excited to
have Aaron join our executive team in this role focused on real
estate and the expansion of our store base. Aaron brings a high
degree of experience not only in real estate but also in the
specialty store retail industry. We are confident in his ability to
make strong contributions to United Retail Group as we continue to
implement our growth plans and build on the strengths of our
business to maximize shareholder value over the long-term." United
Retail Group, Inc. is a specialty retailer of large-size women's
fashion apparel, footwear and accessories featuring AVENUE(R) brand
merchandise. The Company operates 490 AVENUE(R) stores with
2,157,000 square feet of selling space, as well as the
AVENUE.COM(R) website at www.avenue.com. The above release contains
certain brief forward-looking statements concerning the Company's
operations and performance. The Company cautions that any
forward-looking statements are summary in nature, involve risks and
uncertainties and are subject to change based on various important
factors, many of which may be beyond the Company's control.
Accordingly, the Company's future performance and financial results
may differ materially from those expressed or implied in any such
forward-looking statements. The following additional factors, among
others, could also affect the Company's actual results and could
cause actual results to differ materially from those expressed or
implied in any forward-looking statements included in this release
or otherwise made by management: threats of terrorism; war risk;
shifts in consumer spending patterns, overall economic conditions;
the impact of increased competition; variations in weather
patterns; uncertainties relating to execution of the Company's
product repositioning strategy; store lease expirations; the
ability to retain, hire and train key personnel; risks associated
with the ability of the Company's manufacturers to deliver products
in a timely manner; political instability and other risks
associated with foreign sources of production and increases in fuel
costs. The reports filed by the Company with the Securities and
Exchange Commission contain additional information on these and
other factors that could affect the Company's operations and
performance. The Company does not intend to update the
forward-looking statements contained in the above release, which
should not be relied upon as current after today's date.
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