Aeropostale to Close as Many as 75 More Stores
Aeropostale says it's considering closing as many as 75 additional stores despite reporting a smaller profit loss in the fourth quarter. The company's net loss narrowed to $13.5 million in the fourth quarter ended Jan. 31, down from $70.3 million a year earlier. Net sales fell 11.3 percent to $593.8 million. Comparable sales declined 9 percent. Aeropostale closed more than 180 stores over the three months that ended Jan. 31. It currently has about 850 stores in North America and another 239 licensed Aeropostale stores worldwide.