The teen apparel retailer struck a $ 600 million deal with Sycamore Partners, according to the New York Times.
Aéropostale's news developed just as Abercrombie & Fitch,
another teen apparel retailer, reported that its second quarter same - store sales dropped by 7.0 percent.
Teen apparel retailer Aeropostale is the latest chain to fall victim to the rapidly changing marketplace.
Teen apparel retailer American Apparel LLC is laying off hundreds of workers as it overhauls its production process, which could include outsourcing part of its production to another U.S. manufacturer, the Los Angeles Times reported on Tuesday.
Teen apparel retailers such as Abercrombie and Fitch and Aeropostale said they would concentrate on offering more items at full price and minimize promotions.
Not exact matches
Aeropostale, Inc., a specialty
retailer of casual
apparel and accessories targeted at
teen consumers, has announced that they file for Chapter 11 bankruptcy and will be closing 113 stores in the United States and another 41 stores in Canada.
Simon Property Group and General Growth Properties joined a consortium of other
retail industry players to place a winning bid for the assets of bankrupt
teen apparel chain A...
And the
teen -
apparel retailer Rue21 Inc. could be the next casualty.