Aeropostale closing over 100 stores, may file for bankruptcy

Teen clothing store Aeropostale is filing for Chapter 11 bankruptcy.

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

Two-day effort helps free endangered right whale off Georgia coast

Georgia state officials helped disentangle a North American right whale, one of the most endangered whales on the planet.

1h ago

That low car payment could cost you more in the long run. A lot more.

About a quarter of all car loans now run longer than 72 months, according to Cox Automotive data.

Centennial Yards’ rise heralds a new downtown Atlanta

The $5 billion Centennial Yards project is rising within the 50-acre hole long known as the Gulch, an area once thought to be too complex to ever be developed.

The Latest