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Report: Teen apparel retailer close to filing Chapter 11
Aeropostale Inc. preparing to file for Chapter 11 bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter.
Aeropostale has recorded three consecutive years of losses as its struggles to deal with a teen audience whose spending tastes now favor fast-fashion giants such as H&M as well as online retailers. The chain operates some 800 stores nationwide.
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Local supermarket retailer stays with the time — and keeps expenses in check
PSK Supermarkets, a 14-unit Mount Vernon, New York-based grocer that operates stores under the Foodtown banner, needs to run at maximum efficiency in order to compete with national rivals and keep food prices low for shoppers Controlling expenses is a big part of PSK’s efforts to ensure optimal operations. To stay on top of finances. the retailer leverages cloud-based Dayforce Human Capital Management (HCM) technology from Ceridian.

