The Traderszone Network

Published in TZ Latest News 27 August, 2015 by The TZ Newswire Staff

Teen apparel retailer Aeropostale posts loss for eleventh straight quarter

Aeropostale, like some other teen apparel retailers, has been losing customers to “fast-fashion” chains such as H&M (HMb.ST), Forever 21 and Inditex’s (ITX.MC) Zara and sportswear makers such as Nike Inc (NKE.N) and Under Armour Inc (UA.N). The mall-based retailer offered heavy discounts on older merchandise to make way for newer and trendier styles for the crucial back-to-school shopping season, Chief Executive Julian Geiger said on a conference call. Aeropostale’s comparable sales, including its e-commerce channel, fell 8 percent in the second quarter.