default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Aeropostale is Being Delisted by the NYSE

Trading in shares of Aeropostale, the retailer whose clothes were once ubiquitous in teen closets, was suspended and the New York Stock Exchange will delist the company.
Source: Shutterstock
By
  • Associated Press

NEW YORK, United States — Trading in shares of Aeropostale, the retailer whose clothes were once ubiquitous in teen closets, was suspended Friday and the New York Stock Exchange will delist the company.

Aeropostale, which once traded above $30, have not breached $1 since September.

The company said Friday that it has no plans to appeal the delisting and will start trading Friday on the OTCQX Best Market under the symbol "AROP."

The New York company early this year said that it would cut expenses by $35 million to $40 million annually and trimmed its corporate staff by 13 percent, about 100 jobs.

Fast fashion outfits like H&M and Forever 21, with more inexpensive clothes, have emerged in recent years to take a growing market share from Aeropostale, Abercrombie & Fitch and American Eagle Outfitters, stores that were once the energy epicenter of malls across the US.

Once worth almost $2.6 billion, Aeropostale's market capitalisation by this week had fallen to around $14.4 million.

In This Article

© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The State of Fashion: Technology
© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
The State of Fashion: Technology