teen retailer news and archive

Aeropostale prepares to file for Chapter 11 bankruptcy

Teen retailer Aeropostale Inc. is officially preparing to cut its losses. The New York-based company is prepping for bankruptcy filing as early as this month. The retailer has struggled in the past years in terms of finances. According to Bloomberg, the company is going to reorganize under a Chapter 11 bankruptcy filing. After the publication...

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Wet Seal hit with bankruptcy rumours following 338 store closures

Struggling fashion retailer Wet Seal is believed to be slipping closer to a bankruptcy following the closure of 338 stores and the discharge of nearly 3,700 full and part time employees on Wednesday. The store closures came about after "assessing its overall financial condition" and its inability to re-negotiate significant concessions from the...