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End of the road for teen apparel retailer?
Things are looking bleaker for bankrupt Aeropostale. A bankruptcy court judge on late Monday rejected a request from Aeropostale to blame its bankruptcy on Sycamore Partners and block an offer from the private equity firm. Sycamore Partners confirmed it submitted a bid for the chain after the judge issued the opinion. The amount of the bid is unknown, but it may have been $150 million, which is how much Aeropostale owes two affiliates of Sycamore, Aero Investors and MGF Sourcing Holdings. -
Busy September for off-pricer
Saks Fifth Avenue Off 5th is opening three stores on Sept. 1, two north of the border. The retailer is set to open its first-ever locations in Canada’s Alberta province, a 31,900-sq.-ft. store at South Edmonton Common, Edmonton, and a 30,000-sq.-ft. store at CrossIron Mills, Rocky View. In addition, the off-pricer is opening a 23,000-sq.-ft. store at El Paseo Square, Palm Desert, California, also on Sept. 1.

