Aeropostale Said to Gauge Sale Interest Amid Activist Pressure

Aeropostale, the teen-clothing retailer under pressure from an activist investor, has contacted at least two private-equity firms as management explores strategic options, people with knowledge of the matter said. The New York-based retailer also has reached out to investment banks about how to handle pressure from activist investor Crescendo Partners or run a sale process, said two of the people, who asked not to be identified because the process is private. The company isn't in negotiations to sell itself yet, the people said.