The Traderszone Network

Published in TZ Latest News 21 April, 2016 by The TZ Newswire Staff

Retailer Bankruptcies Are Hailing Down on the US Economy

Wolf Richter   www.wolfstreet.com

Another retailer is heading for bankruptcy. This time Aeropostale, with 800 teen-clothing stores, after three years in a row of losses. It’s “preparing to reorganize under a Chapter 11 bankruptcy, and could file as soon as this month, according to people familiar with the matter,” Bloomberg reported today.

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