{"id":79470,"date":"2016-05-04T12:40:31","date_gmt":"2016-05-04T19:40:31","guid":{"rendered":"https:\/\/fabfitfun.com\/magazine\/?p=79470"},"modified":"2016-05-04T12:40:31","modified_gmt":"2016-05-04T19:40:31","slug":"aeropostale-bankruptcy","status":"publish","type":"post","link":"https:\/\/fabfitfun.com\/magazine\/aeropostale-bankruptcy\/","title":{"rendered":"Another Fashion Retailer Has Filed for Bankruptcy"},"content":{"rendered":"<p>Yes, you read that right. Amongst all the\u00a0brightly colored polos and bold logos,\u00a0A\u00e9ropostale (our fave retailer as a teen) has officially filed for <a href=\"http:\/\/www.forbes.com\/sites\/laurengensler\/2016\/05\/04\/aeropostale-bankruptcy-store-closures\/#17d43f31635c\" target=\"_blank\">bankruptcy<\/a>.<\/p>\n<p>CEO Julian Geiger <a href=\"http:\/\/www.forbes.com\/sites\/laurengensler\/2016\/05\/04\/aeropostale-bankruptcy-store-closures\/#5133c92635cc\" target=\"_blank\">said<\/a>, &#8220;w<span style=\"line-height: 1.5;\">e have chosen to take more decisive and aggressive action to create a leaner, more efficient business that is well-positioned to compete and succeed in today\u2019s retail environment.&#8221;\u00a0The retailer filed for <a href=\"http:\/\/www.uscourts.gov\/services-forms\/bankruptcy\/bankruptcy-basics\/chapter-11-bankruptcy-basics\" target=\"_blank\">Chapter 11 bankruptcy<\/a> protection and plans to\u00a0close 113 stores in the U.S. and 41 in Canada out of around 800 stores.\u00a0<\/span><\/p>\n<p>As fast fashion retailers like Topshop and Forever21\u00a0have quickly become a go-t0\u00a0for avid shoppers,\u00a0A\u00e9ropostale was struggling to stay afloat\u00a0the past few years. In their most recent quarter, they announced a loss of $26 million on sales of $363 million (yikes!) according to Forbes.<\/p>\n<p>Similar\u00a0mall-based retailers like <a href=\"http:\/\/www.forbes.com\/sites\/laurengensler\/2016\/04\/07\/teen-retailer-pacific-sunwear-files-for-bankruptcy\/#3c219cb641b3\" target=\"_blank\">PacSun<\/a> and <a href=\"http:\/\/www.forbes.com\/sites\/laurengensler\/2015\/10\/05\/american-apparel-bankruptcy\/#276ac37e32ee\" target=\"_blank\">American Apparel<\/a> have filed for bankruptcy in the past few months, while\u00a0others like Abercrombie and American Eagle have made changes to keep sales up.<\/p>\n<p>What are your thoughts on the recent bankruptcy? Let us know in the comments below!<\/p>\n<p>xx, The FabFitFun Team<\/p>\n","protected":false},"excerpt":"Yes, you read that right. Amongst all the\u00a0brightly colored polos and bold logos,\u00a0A\u00e9ropostale (our fave ...","author":422344,"featured_media":79493,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[185],"tags":[],"thumbnail_url":"https:\/\/static.fabfitfun.com\/magazine\/wp-content\/uploads\/2016\/05\/04114944\/shutterstock_164791016.jpg","thumbnail_url_middle_card":"https:\/\/static.fabfitfun.com\/magazine\/wp-content\/uploads\/2016\/05\/04114944\/shutterstock_164791016.jpg","formated_date":"May 4, 2016","category_name":"News","category_icon":"https:\/\/d3vodd1ws13xud.cloudfront.net\/magazine\/wp-content\/uploads\/2017\/10\/10113842\/news.svg","author_name":"Monica Chang","trending":false,"sponsored":false,"random_color":"#90d361","_links":{"self":[{"href":"https:\/\/fabfitfun.com\/magazine\/wp-json\/wp\/v2\/posts\/79470"}],"collection":[{"href":"https:\/\/fabfitfun.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fabfitfun.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fabfitfun.com\/magazine\/wp-json\/wp\/v2\/users\/422344"}],"replies":[{"embeddable":true,"href":"https:\/\/fabfitfun.com\/magazine\/wp-json\/wp\/v2\/comments?post=79470"}],"version-history":[{"count":0,"href":"https:\/\/fabfitfun.com\/magazine\/wp-json\/wp\/v2\/posts\/79470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fabfitfun.com\/magazine\/wp-json\/wp\/v2\/media\/79493"}],"wp:attachment":[{"href":"https:\/\/fabfitfun.com\/magazine\/wp-json\/wp\/v2\/media?parent=79470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fabfitfun.com\/magazine\/wp-json\/wp\/v2\/categories?post=79470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fabfitfun.com\/magazine\/wp-json\/wp\/v2\/tags?post=79470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}