Vote 2020 graphic
Everything you need to know about and expect during
the most important election of our lifetimes

Aeropostale Is Still Around, But Filing For Bankruptcy

Illustration for article titled Aeropostale Is Still Around, But Filing For Bankruptcy

Aeropostale, the store you went to as a teen for decent collegiate looks, has filed for bankruptcy, joining the likes of fellow ’90s staples Wet Seal and Delia’s.

Advertisement

As part of the filing, the retail brand is shutting down 113 of its U.S. stores and 41 in Canada, a move necessary to “achieve long-term financial stability,” the company stated. Aeropostale’s sales have dipped increasingly, with a 16 percent drop last quarter. CNN reports:

The retailer said it intends to emerge from bankruptcy within the next six months after getting rid of or renegotiating “burdensome” contracts and resolving a dispute with former investor Sycamore Partners.

Advertisement

The company is currently looking for buyers to pull them from the trenches of irrelevance, as cheaper, trendier stores a la H&M and Forever 21 continue to kill off these retail dinosaurs.

Stars like H&M, Zara and Forever 21 are responding to the latest fashion trends at warp speed, leaving older brands like Banana Republic and American Eagle in the dust. They’re also undercutting the older guys on price — a critical factor for the target audience.

They’re also selling better-looking clothes? What the hell are these?

Illustration for article titled Aeropostale Is Still Around, But Filing For Bankruptcy
Advertisement

Images via Aeropostale

Advertisement

Culture Editor, Jezebel

Share This Story

Get our newsletter

DISCUSSION

Bummer. And they had such a cool store name - “Aeropostale”. So romantic - it’s the name I’d have for my 1920s airboat delivery service in the South Pacific.