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Press Releases

4 reasons why Aeropostale lost its cool with shoppers

NEW YORK— Aeropostale Inc., once a popular mall destination for teens, has filed for Chapter 11 bankruptcy protection, becoming the latest victim in the fast-changing retail landscape. Aeropostale joins the ranks of teen retailers looking to reorganize under bankruptcy protection including Wet Seal Inc., Pacific Sunwear of California and American Apparel.

Source: The Associated Press

Aeropostale, one-time mall king, seeks bankruptcy protection

NEW YORK— Aeropostale, once the vibrant epicenter of the U.S. mall scene, is seeking Chapter 11 bankruptcy protection and closing 20 percent of its stores in North America. Aeropostale expects to emerge from bankruptcy protection within six months as a smaller company after renegotiating contracts and resolving an ongoing dispute with the investment firm...

Source: The Associated Press

Aeropostale files for Chapter 11 bankruptcy protection

The mall-based retailer listed assets in the range of $100 million to $500 million, and liabilities of between $100 million and $500 million, according to a court filing. The New York Stock Exchange suspended trading and delisted Aeropostale shares on April 21. The case is in U.S. Bankruptcy Court, District of New York, Case No: 16-11275..

Source: Reuters

Burlington officials approve mall redevelopment plan

BURLINGTON, Vt.— The City Council has given preliminary approval to a plan to redevelop the Burlington Town Center mall. City councilors voted 10-1 Monday night to approve a predevelopment agreement for the $200 million project, The Burlington Free Press reported. Several city bodies, including the City Council and Development Review Board, must give final...

Source: The Associated Press

Charge reduced for mall Easter bunny in brawl with kid's dad

JERSEY CITY, N.J.— A New Jersey mall Easter bunny who got into a scuffle with a father last month has had a criminal charge against him downgraded. reports a Hudson County judge Wednesday downgraded the aggravated assault charge against Kassim Charles to the disorderly persons offense of simple assault. The case also was sent to the Jersey City Municipal...

Source: The Associated Press

Mall of Africa opens in South Africa as economic outlook sours

JOHANNESBURG, April 28- Thousands of shoppers queued on Thursday at the opening of one of the largest malls in South Africa, set in middle-class suburbia between Johannesburg and Pretoria. The Mall of Africa will house over 300 shops, including global brands such as Inditex's Zara, Hennes& Mauritz, Cotton On and Starbucks. They want to attract the rising number of...

Source: Reuters

Facebook still isn't a mall, but its bots aim to change that

NEW YORK— It's now possible— though neither easy nor particularly convenient— to buy stuff on Facebook via automated messaging "bots." "I would totally shop using message bots for things I know I'm buying"— like soap, shampoo or socks, says Patrick Jones, a software engineer in Washington, D.C. But he doesn't quite see how bots would help with more personal purchases, such...

Source: The Associated Press

Newport cigarettes help boost Reynolds American results

WINSTON SALEM, N.C.— Reynolds American, the company behind Camel and Pall Mall cigarettes, said strong sales of its recently-acquired Newport brand helped boost its financial results in its first quarter. Reynolds did not say when it expects Cameron to leave, but said the integration of Newport will be completed later this year. Reynolds said volume at its RJR...

Source: The Associated Press

How one man turned $20K into mall industry success

Sandeep Mathrani was designing wastewater treatment plants when he realized he had a knack for real estate.


Cramer: Biggest victim of mall shopping decline

Jim Cramer chronicled the history of how one quintessential American brand went from fashion icon to mall victim.