NEW YORK CITY—Following what the company calls a strategic business review, apparel retailer Aeropostale, Inc. reports it will close approximately 125 shopping mall-based P.S. from Aeropostale stores by the end of fiscal year 2014. The company, as part of its restructuring, also plans to reduce its corporate headquarters workforce here by approximately 100 positions.
The company says the store closing and job reduction initiatives will generate approximately $30 million to $35 million in annualized pre-tax savings, of which approximately $5 million to $10 million is expected to be achieved in fiscal 2014.
Aeropostale, which is a retailer of casual apparel for young men and women, plans to restructure the P.S. from Aeropostale brand to focus on faster growing sales channels, including off-mall locations (including outlets), e-commerce, and international licensing. The company is also exploring other potential third party distribution channels.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
