United States Of America : Teen retailer Aéropostale reopens 500 stores in US

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Teen retailer Aéropostale reopens 500 stores in US

17
Jan '17

Courtesy: Authentic Brands Group

Teen apparel retailer Aéropostale has reopened 500 stores in the US, which were closed last month. The new Aéropostale spring 2017 collection is set to be offered at these stores. The retailer also plans to launch a marketing campaign next month to reveal its transformation and let its customers know about its store openings and the new collection.

“We are excited to reopen more than 500 doors across the US. Our store associates are thrilled for the new Aéropostale and look forward to welcoming new and returning customers into the store,” said Marc Miller, CEO of Aéropostale.

Aéropostale had voluntarily filed petitions under Chapter 11 of the US Bankruptcy Code in New York in May last year. It expected to use the Chapter 11 process to optimise its store footprint, access additional tools to shed or renegotiate burdensome contracts, resolve its ongoing disputes with Sycamore Partners and achieve long-term financial stability.

In September 2016, Authentic Brands Group (ABG) finalised the acquisition of Aéropostale in partnership with General Growth Properties (GGP) and Simon Property Group (SPG). (KD)

Fibre2Fashion News Desk – India

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