World Footwear

Companies

Aéropostale fills for bankruptcy

May 6, 2016 United States
Aéropostale fills for bankruptcy
The US-based specialty retailer of casual apparel and accessories for teenagers, has filled for bankruptcy with plans to close around 150 stores in the US and Canada
Aéropostale filed for Chapter 11 bankruptcy on Wednesday, while it was seeking approval to immediately close 154 of its more than 800 stores. Not a complete surprise as the company has been struggling to compete with retail giants such as Zara, H&M and Forever 21, and has presented declining results in the last quarters.

Back in March the company already announced it was “exploring strategic alternatives,” including finding a buyer.

With the new proceedings the company hopes to emerge from the reorganization within the next six months as a "standalone enterprise with a smaller store base."

In the massive shutdown of stores are included all Canada stores and roughly 110 US locations.

Related Events

  • Jun
    23
    Jun 23-Jun 24, 2019 | Miami, United States

    SMOTA

  • Jul
    10
    Jul 10-Jul 11, 2019 | Santa Fe, New Mexico, United States

    Santa Fe Show Show

  • Jul
    13
    Jul 13-Jul 15, 2019 | Miami Beach, United States

    Capsule Miami Women' s

  • Jul
    16
    Jul 16-Jul 17, 2019 | New York, United States

    Première Vision New York

Related Organizations

  • Fashion Design Office

    Fashion Design Office

    United States
  • WSTA - World Shoe Travelers Association

    WSTA - World Shoe Travelers Association

    United States
  • AAFA - American Apparel & Footwear Association

    AAFA - American Apparel & Footwear Association

    United States
  • FDRA - Footwear Distributors and Retailers of America

    FDRA - Footwear Distributors and Retailers of America

    United States