Advisory and valuation service company Great American Group and capital infusion company Tiger Capital Group have partnered with Aéropostale, Inc. to facilitate the orderly closure of 113 of its stores and factory outlets across the U.S. These are the same closures previously reported by MR, in conjunction with Aéropostale’s voluntary Chapter 11 filings.
As previously disclosed, sales at the 113 closing locations began on May 7 and will last only until the respective stores’ merchandise and fixtures have been sold. It continues to be business as usual at all other Aéropostale locations.
“Our deep history of working with specialty apparel retailers such as Aéropostale has given us the experience to quickly and efficiently exit these locations, and assist Aéropostale in optimizing its store footprint,” said Scott Carpenter, president of Great American Group’s retail solutions division.
“This is a rare opportunity for customers to take advantage of significant savings on some of their favorite apparel and accessories,” stated Michael McGrail, chief operating officer of Tiger Capital Group. “Following this sale process, Aéropostale shoppers will still find their favorite fashions at over 600 ongoing Aéropostale stores nationwide and at Aéropostale.com.”
To see the full list of stores closing, please click here.