Aeropostale closing 113 stores


Share this article! Teen retailer Aéropostale – a fixture in American malls – filed for Chapter 11 bankruptcy on Wednesday and announced it would close 113 stores in the U.S. From Oregon Live: The company has struggled to compete with H&M and Forever 21, and has lost money for the last 13 quarters, CNN Money … Read more

Teen retailer Aéropostale – a fixture in American malls – filed for Chapter 11 bankruptcy on Wednesday and announced it would close 113 stores in the U.S.

From Oregon Live:

The company has struggled to compete with H&M and Forever 21, and has lost money for the last 13 quarters, CNN Money reported.

According to a statement Wednesday, the company hopes to emerge from the reorganization within the next six month as a “standalone enterprise with a smaller store base.”