Aeropostale Inc. on Wednesday reported a loss of $52.3 million in its fiscal third quarter. On a per-share basis, the New York-based company said it had a loss of 66 cents.
Recent surveys have found that members of the U.S. Millennial Generation — the roughly 80 million Americans born between 1977 and 2000 — pride themselves on their individuality, and shop accordingly.
BoF compiles the most important professional moves of the week.
The troubled teen retailer has re-hired its former chief executive Julian Geiger to improve performance.
NEW YORK, United States — Teens don’t shop the way they used to. Where young consumers with spare cash once thronged the likes of Abercrombie & Fitch Co. and American Eagle Outfitters Inc. for clothing that telegraphed their identities, the new generation is poorer, shuns logos and socializes more on the Internet than at the mall.
NEW YORK, United States — Abercrombie & Fitch Co, Aeropostale Inc and American Eagle Outfitters Inc have fallen out of fashion with fickle U.S. teen shoppers and aren't likely to win back their business anytime soon.
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