NEW YORK - Aeropostale, Inc. (NYSE: ARO), a mall-based specialty retailer of casual and active apparel for young women and men, announced on Tuesday that it has signed a licensing agreement with FiBA Group to open approximately 30 stores across Turkey over the next five years. The first store is scheduled to open in summer 2012.

Aeropostale's flagship store in Times Square, NY / Photo: Corbis

FiBA Retail Group, a subsidiary of FiNA Holding, operates over 135 stores and has the sole franchisee rights of Gap, Banana Republic and Marks & Spencer brands across Turkey, Russia and Ukraine.

Today, Aeropostale currently operates 918 stores in 50 states and Puerto Rico, as well as 67 Aeropostale stores in Canada.