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Aeropostale creditor argues for liquidation
The battle between bankrupt Aeropostale Inc. and Sycamore Partners has grown more heated. Aeropostale and its junior creditors have come together in an effort to save the chain, but Sycamore isn’t having any part of it. The private equity firm has filed an objection that opposes the retailer’s second amended joint plan of reorganization. Sycamore believes that liquidation is the best option. -
Sporting goods retailer expands New York footprint
Modell’s Sporting Goods will open two stores in the New York metro area on August 25, bringing its total store count to 156 locations. The openings include Modell’s 11th location in Brooklyn, and a store in in Mount Kisco. Both locations will feature a wide selection of top brands such as Nike, Under Armour, Adidas, Reebok, Spalding and more.

