Thursday, May 5, 2016

Teen Retailer Aeropostale Has Filed for Bankruptcy

The clock has run out on embattled teen retailer Aeropostale, which filed for bankruptcy on Wednesday after losing money for 13 consecutive quarters.

The company said it would be closing 113 stores in the United States, in addition to its 41 stories in Canada, as it seeks to “achieve long-term financial stability.”

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