Mall Owners Go on Defensive to Rescue Aéropostale

“A move by a pair of mall owners to rescue distressed retailer Aéropostale Inc. shows how some landlords are getting more aggressive as they seek to stem a rising tide of vacancies and store closings. Simon Property Group and General Growth Properties Inc. were part of a consortium that last week won an auction to purchase… Continue reading Mall Owners Go on Defensive to Rescue Aéropostale

Sports Authority Accelerates Store Closings

The sporting goods retailer, Sports Authority, filed for Chapter 11 bankruptcy protection back in March. They are now “scrambling to close the doors on most or all of its stores by the end of the month, according to multiple store employees and managers, an abrupt move that comes amid a fight over cash between lenders… Continue reading Sports Authority Accelerates Store Closings

American Apparel Dodges Bankruptcy

“American Apparel has secured rescue financing that will inject as much as $43 million into the cash-strapped clothing chain in the coming months, helping it avert the threat of Chapter 11 bankruptcy, sources told The Post. After days of tortured deliberations, the retailer’s board has approved a financing package from a group of Canadian investors… Continue reading American Apparel Dodges Bankruptcy