Women’s shoe retailer Aerosoles filed for Chapter 11 bankruptcy protection Friday morning, though the company plans to stay in business by undergoing a massive restructuring to adapt to a retail landscape characterized by rapidly changing consumer tastes and trends.
Aerosoles, which is known for prioritizing comfort and cost, is expected to shift its business model toward a more e-commerce dominant platform during the reorganization process and close nearly all of its brick-and-mortar locations. . . . more