Aeropostale files for bankruptcy
Teen-clothing chain intends to reappear in 6 months as standalone enterprise with smaller store base
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New York
AEROPOSTALE Inc, the teen-clothing chain, has filed for bankruptcy protection after battling its main supplier and closing hundreds of stores to stem years of losses.
The latest in a spate of high-profile retail bankruptcies was filed on Wednesday in the United States Bankruptcy Court for the Southern District of New York. It follows meltdowns by American Apparel Inc, Quiksilver Inc and Sports Authority Inc.
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