Aeropostale to Cut Jobs, Close Mall-Based Stores
Aeropostale will cut jobs and close stores as part of the clothing retailer's efforts to turn its business around. The company said Wednesday that it will close 125 of its mall-based P.S. from Aeropostale stores by the end of its current fiscal year, citing changing consumer habits, particularly among "mom" shoppers, as its rationale. It plans to remove the kids' clothing stores from malls and focus on faster-growing venues for growth, such as online sales, outlet stores and licensing deals. In addition to the job cuts associated with the closures, Aeropostale plans to eliminate about 100 corporate jobs as well.