Monday, September 19, 2016

Aeropostale snags rent deal and saves 171 stores

Image result for aeropostaleAeropostale just got a sweeter deal.

The bankrupt teen retailer that was left for dead — and expected at first to shutter all 720 US stores — will now keep 400 of those stores open thanks to an 11th-hour deal with several mall owners.

A bankruptcy court judge on Monday agreed to a plan that would have saved 229 stores — but late Thursday an undisclosed number of mall operators agreed to cut the rents for another 171 stores.. . . more

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