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Aeropostale: Not dead yet
Aeropostale may still live to see another day thanks to a last-minute bid. In a development that no one saw coming, a consortium of landlords, liquidators and others joined together to make a $243.3 million offer to save 229 Aeropostale stores, Fortune reported. The group includes General Group Properties, Simon Property Group, Gordon Brothers Retail Partners, Hilco Merchant Resources, and Authentic Brands Group. -
Footwear retailer beats Street in Q2; identifies cost savings
DSW Inc. on Tuesday posted better-than-expected results for its second quarter and reaffirmed its full-year outlook. The company also said it expects to see $25 million of annualized savings in 2017 as a result of a restructuring program it launched earlier this year, with about $7 million of the total to be realized this year. The retailer said the savings would result “from organization realignment and improvements in procurement and other business processes.”

