Aeropostale to close 113 U.S. stores in bankruptcy move

Aeropostale, a mall retailer that focuses on teen fashion, has filed for bankruptcy, according to reports.

The chain says it will close 113 stores in the United States and 41 in Canada in an effort to “achieve long-term financial stability.” The company has about 800 stores total.

FILE - In this Dec. 2, 2015, file photo, pedestrians walk past an Aeropostale clothing store in New York's Times Square. Aeropostale says trading of its shares on the New York Stock Exchange has been suspended and that the exchange is moving to delist it. The troubled teen retailer announced Friday, April 22, 2016 that the NYSE has decided to start proceedings to delist its stock because of an "abnormally low" trading price.(AP Photo/Mark Lennihan, File)

The move will force the closure of the chain’s store at the Mall at Stonecrest, according to a closure list on Fortune magazine’s website. The company also has stores at Lenox Square and Cumberland, Perimeter and Southlake malls.  A store at the Shoppes of River Crossing in Macon will also close, according to the Forbes list.

Aeropostale is the latest chain troubled by a turbulent retail environment that is struggling against increased online shopping and changing consumer habits. Athletics giant Sports Authority also is closing stores while it undergoes bankruptcy proceedings.

Reader Comments 0