Pursuits
Aeropostale Will Cut 100 Jobs, Shut Mall-Based P.S. Stores
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Aeropostale Inc., a retail chain that sells teen and children’s apparel, plans to cut about 100 jobs and shut mall-based locations of its P.S. kids-focused stores as part of a comeback effort.
The company will be closing about 125 of its P.S. locations in shopping malls, a response to changing buying patterns by moms, according to a statement yesterday. Aeropostale also is making corporate-level cost reductions, including the 100 job cuts. The company had said in March that it planned to close 50 Aeropostale stores and two P.S. stores this year.