05 December 2014 (12:10 UTC-07 Tango)/12 Safar 1436/14 Azar 1393/15 Bing-Zi 4712
Trendy rich teenager’s clothing store Aéropostale has just upped the ante on their 2014 store shutdown list, bringing the total to 250!
Back in April 2014, administrators with Aéropostale announced they would shutdown about 125 of their P.S. from Aéropostale children’s clothing stores across North America. Administrators also said they were closing 50 of their regular Aéropostale stores. But now it’s been revealed that another 75 stores will be shuttered between now and the end of January 2015. More than 300 store and corporate office jobs lost!
On top of that, Aéropostale said they will continue shutting down stores throughout 2015! The clothing retailer said it lost $52-million USD during its 3rd quarter 2014, and said it expects even bigger losses during the traditional holiday shopping season!
Which stores are being closed? Two clues are that during this holiday shopping season any store that’s slated for shutdown will not be offering the usual end of year discounts, and their inventory will not be restocked.
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