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Aéropostale To Close All Wyoming Locations

Aéropostale To Close All Wyoming Locations

(Wyoming) Today teen clothing retailer Aéropostale officially filed for bankruptcy protection. They just announced they would close 154 stores worldwide, 113 here in the U.S. The full list includes their only location in Wyoming, at the Eastridge Mall in Casper. It also includes their only location in South Dakota, Rapid City's Rushmore Mall. According to Fortune Magazine , these locations either lost money last year or generated little to no profit for the company. Store closing sales are scheduled to begin this weekend. Aéropostale still has over 600 stores open worldwide, and CEO Julian R. Geiger says online sales will also continue as usual. The closest stores open to Wyoming residents will now be in Colorado. "We also expect to honor all gift cards in full, offer new store promotions, continue employee wages and benefits without interruption, uphold the terms of our international licensee agreements and pay suppliers in the normal course of business for all goods and services delivered on or after May 4, 2016," Geiger said in a statement. The company cites competition from H&M and Forever 21 as part of the reason for their underperforming business. Sales dropped 18% in 2015. *Feature photo: One of the 41 stores in Canada closing this month. h/t Wikimedia // Pitchengine Communities* #county17 #oilcity #bootstrapped #news