Financial/Banking

Troubled teen retailer Aeropostale Inc. has been dealt another blow.

On Friday, the New York Stock Exchange suspended trading of the retailer’s stock with immediate effect, due to an "abnormally low" trading price.

Aeropostale does not intend to appeal the delisting. It said its shares will instead be traded on the OTCQX Best Market, an over-the-counter market operated by OTC Markets Group Inc. The new ticker is "AROP".

A major Manhattan subway station concourse that had been closed since 2009 has been transformed into a lively shopping and dining destination.

TurnStyle, an underground marketplace inside the Columbus Circle 59th Street subway, is now open to the public.

Financing for the project was provided by Goldman Sachs, through its Urban Investment Group.

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.

A well-known outdoor retailer and private equity firm may be interested in purchasing hunting and fishing chain Cabela’s.

According to Reuters, Bass Pro Shops Inc. and the private equity division of Goldman Sachs Group Inc. are preparing to make a buyout offer. Cabela’s said in December it was exploring strategic alternatives that could include a sale.

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Angeles-based Sport Chalet has initiated going out of business sales at its 47 stores and closed down its online operation.

On Monday, Vestis Retail Group LLC, which operates Sport Chalet along with Eastern Mountain Sports and Bob’s Stores, filed for Chapter 11 bankruptcy protection. The filing was not unexpected and follows in the wake of Sports Authority’s Chapter 11 filing in March.

It was probably inevitable that somebody at some point would challenge the legality of the Oct. 1, 2015 EMV (Europay, Mastercard and Visa) liability shift.

Publix, Chick-fil-A, Amazon.com, H-E-B, and BJ's Wholesale Club are the nation’s most trusted retailers, according to an annual survey by the Temkin Group.

The “2016 Temkin Trust Ratings,” based on a study of 10,000 U.S consumers, benchmarks the level of trust that consumers have with 294 companies across 20 industries.

Both the volume of and monetary losses caused by fraudulent transactions have sharply increased in the past year.   According to the “2016 True Cost of Fraud Report” from LexisNexis Risk Solutions, the monthly average of fraudulent transactions has increased 32% to 206 from 156 in 2015. In addition, the monthly average of prevented fraudulent transactions has risen 33% to 236 from 177.