Aeropostale files for bankruptcy, plans to close 154 stores

May 4, 2016 2:18 PM

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Yet another retailer has cracked under the weight of teen’s changing shopping habits.

Aeropostale on Wednesday filed for Chapter 11 bankruptcy, saying in the filing that it was seeking approval to immediately close 154 of its more than 800 stores. The news didn’t come as much of a surprise on Wall Street: Sales have been in a long-term slide at the troubled retailer, and the company ...

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