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Analysis: Tween and teen retailers remain financially vulnerable
Apparel chains focused on tweens and teens are increasingly at risk of filing for bankruptcy protection.
At least that’s the view of Michael McGrail, COO of Tiger Capital Group and a veteran retail liquidation and asset appraisal executive.
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Drama at the mall, Aeropostale explores options
A review of strategic alternatives is underway at mall-based specialty retailer Aeropostale following the deterioration of fourth quarter results and a supply chain disruption caused by a supplier dispute.
Sale declined 16.1% to $498 million and same-store sales, including e-commerce, declined 6.7%. Profits declined to $21.7 million, or 27 cents a share, compared to a prior year fourth quarter loss of $13.5 million, 17 cents a share.