Business
Business

Aeropostale closing over 100 stores, may file for bankruptcy

(Photo by George Pimentel/Getty Images for Aeropostale)
(Photo by George Pimentel/Getty Images for Aeropostale)
By Cox Media Group National Content Desk
May 3, 2016

Teen clothing store Aeropostale is filing for Chapter 11 bankruptcy.

>> Read more trending stories

The Wall Street Journal reported Tuesday that the retailer is set to file in a few days before it has to make May rent payments, citing sources close to the discussions.

Failing sales and losses may be to blame as consumers move toward online retail. Over 100 of the company's 800 stores are set to close.

CNBC reported that the company announced in April that it would stop trading its stock on the New York Stock Exchange because it had an "abnormally low" trading price.

If Aeropostale does file for bankruptcy, it will be another company in a list of mall-based retailers to do so, including Wet Seal and Pac Sun.

About the Author

Cox Media Group National Content Desk
More Stories

Keep Reading

A line of passengers waits at the Frontier Airlines ticketing counter at Hartsfield-Jackson Atlanta International Airport on Friday, Nov. 21, 2025. (Ben Hendren for the AJC)

Credit: Ben Hendren

Atlanta airport security waits could be worst these Thanksgiving travel days

If this year’s Thanksgiving air travel is anything like last year’s, the weekend after the holiday will see busy security days in Atlanta.

Hackers attack authority that runs Georgia real estate database

A state authority that oversees and manages a widely used database of Georgia’s real estate records said it recently suffered a sophisticated ransomware attack.

Luxury fashion boutique Jeffrey plans return to Atlanta in 2026

Jeffrey Kalinsky plans to reopen his namesake boutique Jeffrey in August 2026. The store is set for the Buckhead Village development.

The Latest

The 2025 Navigator is the flagship vehicle of the Lincoln brand. (Tyler Gourley/Lincoln/TNS)

Credit: TNS

In the market for a luxury vehicle? You might reconsider Lincoln.

Beyond the odometer: What matters most in a used car

Why your car’s safety tech needs maintenance, too

Featured

Bubble test SAT ACT test sheet circles pencil bubbles college school standardized test

Georgia colleges consider controversial test as option to SAT

A contentious standardized college admissions test designed to usurp the SAT and ACT — and reshape the American education system — is gaining traction in conservative states.

Who will replace Marjorie Taylor Greene in Congress?

Now that U.S. Rep. Marjorie Taylor Greene has announced her plans to resign, attention turns to who might replace her in Georgia's 14th Congressional District.

GHSA sanctions Brunswick with postseason ban after fight with Gainesville

41 Brunswick players were suspended, and the school was fined $5,000.