Aeropostale, Inc.(ARO)- NYSE
  • Today, 7:19 AM
    • Teen retailer Aeropostale (NYSE:ARO) received an offer from Sycamore Partners last week to revive the chain out of bankruptcy. Sycamore Partners acquired Talbots in 2012.
    • Source say several other liquidators are also in with bids on Aeropostale.
    • The bankruptcy auction began last week.
    | Today, 7:19 AM
  • Sun, Aug. 7, 12:19 PM
    • Aeropostale (NYSE:ARO) has been negotiating a potential sale to private equity firm Versa Capital Management that would save thousands of jobs at the company and see it take over 500 of the chain's leases.
    • Versa's offer would be a potential stalking horse bid in a bankruptcy auction for the retailer scheduled for later this month, setting the minimum price for other potential buyers. Additional bids are due Aug. 18.
    | Sun, Aug. 7, 12:19 PM | 6 Comments
  • Tue, Jul. 19, 7:15 AM
    • Aeropostale (NYSE:ARO) plans to focus on finding a buyer instead of reorganizing, according to a court filing. A bankruptcy judge still needs review the Chapter 11 plan submitted by the company.
    • An auction for Aeropostale is scheduled for August 22.
    • The stock which once traded over $40 closed at $0.035 yesterday on the OTC market.
    | Tue, Jul. 19, 7:15 AM
  • Mon, Jun. 13, 8:59 AM
    • Aeropostale (NYSE:ARO) won approval for a $160M loan from Crystal Financial as it scraps to stay in business while the bankruptcy plays out.
    • Key lenders have asked the bankruptcy judge to close the doors at the retailer and liquidate what's left of the assets.
    • Aeropostale closed at $0.13 on Friday. The mall retailer's shares were over $20 right at four years ago.
    | Mon, Jun. 13, 8:59 AM
  • Sat, May 14, 11:01 AM
    • The retail sector stays in focus next week with Target (NYSE:TGT), Wal-Mart (NYSE:WMT), TJX Companies (NYSE:TJX), and Ross Stores (NASDAQ:ROST) all due to report on Q1 earnings to follow on a week of dismal reports and guidance from the department store sector (Nordstrom, L BrandsMacy's, Kohl's). Home improvement chains Home Depot (NYSE:HD) and Lowe's (NYSE:LOW) are also due to spill numbers.
    • The story from the Commerce Department's April read of retail sales (+3.0% Y/Y, +1.3% M/M) is one of a consumer spending on housing, entertainment, and personal care/fitness over apparel and general merchandise. The 10% Y/Y gain in the nonstore retailer category also tipped that the Amazon (NASDAQ:AMZN) Effect is magnifying.
    • Amplify ETFs CEO Christian Magoon tells Seeking Alpha that the traditional retail model appears to be broken. Amplify's Online Retail ETF (NASDAQ:IBUY) is a bet on companies such as Netflix (NASDAQ:NFLX), GrubHub (NYSE:GRUB), Blue Nile (NASDAQ:NILE), and Shopify (NYSE:SHOP) that are reeling in millennial dollars.
    • Magoon on retail: "Traditional retailers face the headwinds of higher cost structures including the very real threat of increasing wages in the form of the $15 minimum wage campaign. Less flexible with inventory management, they also are more vulnerable to issues like weather and changing consumer preferences."
    • Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE.
    • Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
    | Sat, May 14, 11:01 AM | 38 Comments
  • Wed, May 4, 2:06 AM
    • Struggling teen apparel retailer Aeropostale (NYSE:ARO) has filed for Chapter 11, marking the latest high-profile bankruptcy that follows meltdowns at American Apparel, Quiksilver and Sports Authority.
    • According to a court filing, the company listed assets and liabilities in the range of $100M-$500M, and plans to emerge from the Chapter 11 process within the next six months as a standalone enterprise with a smaller store base.
    • The NYSE suspended trading and delisted Aeropostale shares on April 21.
    | Wed, May 4, 2:06 AM | 8 Comments
  • Mon, May 2, 6:54 PM
    • Aeropostale (AROP -7.7%), delisted by the NYSE just over a week ago, is preparing a bankruptcy filing for this week in which it would close more than 100 of its 800 stores at first, The Wall Street Journal reports.
    • The filing is expected to come before May rents are due, and the teen-focused retailer is working with specialty lender Crystal Financial on a loan for operational financing.
    • It would be the latest in a string of filings for mall-focused specialty retailers. Pacific Sunwear pursued bankruptcy last month, and Cache Inc., Wet Seal, and Quiksilver filed for Chapter 11 last year.
    • Now read 4 Reasons Why I'm Out Of Aeropostale »
    | Mon, May 2, 6:54 PM | 4 Comments
  • Fri, Apr. 22, 1:48 PM
    | Fri, Apr. 22, 1:48 PM
  • Thu, Apr. 21, 3:32 PM
    | Thu, Apr. 21, 3:32 PM | 5 Comments
  • Thu, Apr. 21, 2:17 PM
    • Aeropostale (NYSE:AROdives 27.7% to $0.151 with Bloomberg reporting that a bankruptcy could be filed by the company as soon as this month.
    • Sources say Aeropostale wants to reorganize with a Chapter 11 filing.
    • Mall retailer peers Abercrombie & Fitch (ANF -2.2%), Express (EXPR -2.9%), Tilly's (TLYS -2%), and American Eagle Outfitters (AEO -1.6%) are also notably lower on the day.
    • Now read A Few Thoughts Inspired By Saturday Shopping
    | Thu, Apr. 21, 2:17 PM
  • Tue, Apr. 19, 10:36 AM
    • Aeropostale (ARO +0.9%) is bringing in more advisers as it contemplates a sale or restructuring of the business, sources tell Bloomberg.
    • The company is in crisis mode as a dispute with lender Sycamore Partners continues.
    • Last week, management noted that it was too distracted with the Sycamore battle to get around to finishing the annual report.
    • Aeropostale trades at less than a quarter per share after a devastating 94% 52-week drop. SA contributor Vince Martin told you all about the impending disaster before it unfolded.
    | Tue, Apr. 19, 10:36 AM | 7 Comments
  • Fri, Apr. 15, 9:16 AM
    • American Eagle Outfitters (NYSE:AEO) announces that it ended the practice of "on-call" shifts.
    • The company says the new policy is being reinforced across the American Eagle store fleet.
    • The use of on-call shifts in the retail sector continues to generate significant negative publicity for many chains, and has the Illinois Attorney General along with counterparts in other states asking questions.
    • Other companies which are under on-call scrutiny include Carter's (NYSE:CRI), Aeropostale (NYSE:ARO), Coach (NYSE:COH), David's Tea (NASDAQ:DTEA), Justice (NASDAQ:ASNA), Tilly's (NYSE:TLYS), and Uniqlo (OTCPK:FRCOY).
    • Now read Should You Buy Retail ETFs Despite Soft Sales?
    | Fri, Apr. 15, 9:16 AM | 16 Comments
  • Thu, Apr. 7, 12:55 PM
    • Mall retailers are trading off today after the news on traffic trends from the small batch of monthly reporters didn't impress.
    • Another potential factor was the overall gloomy tone from Pacific Sunwear's (PSUN -45.3%) bankruptcy filing on younger consumers. The retailer noted that discretionary spending from the key demographic is going to dining and technology over apparel.
    • Notable decliners include J.C. Penney (JCP -5.1%), Nordstrom (JWN -4.5%), Dillard's (DDS -5.1%), Sears Holdings (SHLD -3.6%), Gap (GPS -3.8%), American Eagle Outfitters (AEO -3.9%), Urban Outfitters (URBN -3.9%), Abercrombie & Fitch (ANF -3%), Express (EXPR -2.2%), Guess (GES -2%), Bucke (BKE -10.2%), Zumiez (ZUMZ -4.4%), and  Aeropostale (ARO -9.6%).
    • Now read A Few Thoughts Inspired By Saturday Shopping 
    | Thu, Apr. 7, 12:55 PM | 28 Comments
  • Thu, Mar. 17, 6:16 PM
    • "The Board of Directors of Aéropostale has authorized management to explore a full range of strategic and financial alternatives, including a potential sale or restructuring of the Company," says Aeropostale (NYSE:ARO) in its FQ4 report. Stifel has been hired to help out.
    • Aeropostale also notes it's in a dispute with MGF Sourcing, an affiliate of P-E investor Sycamore Partners. The apparel retailer notes the dispute "is causing a disruption in the supply of some merchandise, which, if unresolved, could cause a liquidity constraint." Aeropostale's 2014 financing deal with Sycamore included an apparel-sourcing agreement with MGF.
    • Shares are down 50% after hours to $0.24 after Aeropostale missed FQ4 sales estimates (EPS was in-line) and reported a 6.7% Y/Y drop in comparable sales (slightly better than FQ3's 10% drop). Gross margin fell 240 bps Y/Y to 20.3%. SG&A spend was 24.1% of revenue vs. 24.7% a year ago.
    • FQ1 guidance is for EPS of -$0.35 to -$0.42 vs. a -$0.40 consensus. Aeropostale notes the MGF dispute could increase its op. loss by $5M-$8M if it continues experiencing shipping delays. The FY16 (ends Jan. '17) capex budget is a modest $14M (compares with FY15 capex of $15.7M).
    • 811 stores were open at the end of FQ4, down by 13 Q/Q and 47 Y/Y. Aeropostale ended FQ4 with $65.1M in cash and $143M in debt.
    • Aeropostale's FQ4 results, earnings release
    | Thu, Mar. 17, 6:16 PM | 17 Comments
  • Thu, Mar. 17, 4:17 PM
    • Aeropostale (NYSE:ARO): Q4 EPS of -$0.14 in-line.
    • Revenue of $498M (-16.1% Y/Y) misses by $21.69M.
    • Shares -6%.
    • Press Release
    | Thu, Mar. 17, 4:17 PM | 2 Comments
  • Wed, Mar. 16, 5:35 PM
Company Description
Aéropostale, Inc. is a retailer of casual apparel and accessories which focuses in the selection of fashion basic merchandise. It operates through Retail Stores and E-commerce, and International Licensing segments. The Retail Stores and E-commerce segment includes the aggregation of the... More
Sector: Services
Industry: Apparel Stores
Country: United States