NEW YORK, United States — Aeropostale Inc lost its bid to dismiss a lawsuit accusing the teen clothing retailer of defrauding shareholders in 2011 by hiding problems with excess inventory and slow sales that ultimately weighed on its earnings and stock price.
NEW YORK, United States — Aéropostale Inc., the clothing chain for teens, is offering the biggest sales discount in America for private-equity firms seeking a deal at the mall.
Aéropostale: Cheap Clothes, Cheaper Stock (Daily Finance) “Aeropostale thrived during the Great Recession, posting record-high margins as cash-strapped customers loaded up on its cheap-but-stylish tops and pants. However, discounts from teen retail competitors, rising commodity costs, and a few fashion missteps have weighed on the company’s profits lately. After two consecutive disappointing quarters, Wall Street has soured