Friday, May 6, 2016

Teen retailers are caught in a ‘perfect bankruptcy storm’

Those tricky teen years are creating havoc for companies that sell them clothes and accessories with Aeropostale Inc. just the latest in a string of bankruptcy filings.

“It’s a perfect bankruptcy storm,” said Charles Tatelbaum, chair of the creditors’ rights and bankruptcy practice and partner at the law firm Tripp Scott. “Retail habits have changed. People no longer want to go to the mall to shop, especially teenagers.”. . . more

No comments: