Aeropostale, the store known for trashy sweatsuits and third world graphic tees, filed for Chapter 11 bankruptcy today and will be closing 20 percent of its stores in America north of the equator. This includes 113 in the United States and all 41 shit-shops in the Great White North.
I would have had no idea this store still existed if it wasn’t for the fact my significant other works there part-time. I could have sworn this once vibrant beacon of retail was left in the early 2000’s.
Aero had once traded over $30 with annual sales over $2B. However, it has since been delisted from the NYSE because well it’s trash. It is currently trading under ticker $AROP OTC for less than 3 cents a share.
Unless the company completely changes their product line and the structure of their stores and how the product is presented, I don’t see them being top dog or even close again.
Only time will tell how this will play out.
If you enjoy the content at iBankCoin, please follow us on Twitter
i have to laugh at the notion of “only time will tell” being used in the same blog post highlighting the fact they just filed for BK today. They’re done.