Teen retailer Rue21, which has been the subject of recent bankruptcy rumors, has decided to shutter 400 stores and put more of its attention to online sales. [More]
teen clothing
Here’s Why Mall Owners Stepped In To Save Aeropostale
By 9.27.16
The winners of the bankruptcy auction for teen clothing retailer Aeropostale weren’t a competing clothing chain or another retailer hoping to get into the teen clothing biz: it was a joint venture by mall landlords, who apparently didn’t want to face another hole in their shopping centers left by a bankrupt retailer. [More]
Aeropostale Wants To Reorganize, Main Lender Thinks That’s Adorable
By 6.8.16
In recent months, we’ve shared with you the bankruptcy saga of Sports Authority, a sporting goods chain that was deep in debt, filed for bankruptcy protection, and planned to re-emerge as a smaller and reorganized retailer, but couldn’t make it work, ultimately selling its remaining stores to liquidators. Teen clothing retailer Aeropostale seems to be headed down a similar path, with its biggest lender pressuring the chain to get ready to auction its stores instead of reorganizing. [More]
Aeropostale Delisted For “Abnormally Low” Trading Price After Possible Bankruptcy Report
By 4.22.16
Just a day after in-the-know sources revealed that teen-clothing retailer Aeropostale was headed for bankruptcy, the company was delisted from the New York Stock Exchange. [More]
Teen Clothing Retailer Deb To Liquidate, Close 295 Stores
By 1.7.15
The end of 2014 and beginning of 2015 have not been kind to teen-oriented retailers. Back in December, we learned that dELiA*s was bANkruPt and starting to liQuid8 its inventory. This week, Wet Seal announced that it will close two-thirds of its stores. Now another mall staple is putting down the store gate for good: Deb is liquidating and closing all 295 of its stores. [More]
