Aeropostale looks for a buyer

Aeropostale is exploring "strategic alternatives" that could include a sale, as its sales and company value continue to plummet.

Like its fellow teen retailers, Aeropostale has struggle to compete with fast-fashion powerhouses H&M, Forever 21 and Zara. But after 14 straight quarterly losses, the clock could be running out.

Sales plunged 16 percent in the recent quarter for a $22 million loss. The company is only valued at $20 million thanks to a stock free fall, according to CNN Money. The problem is made worse by a fight with a key vendor, causing supply chain disruption.

The company said it was exploring financial alternatives including a potential sale or restructuring. Aeropostale has been closing stores and trying to differentiate in order to better compete. Last fall it introduced a bed and bath merchandise line.

For more:
- see this CNN Money article
- see this Bloomberg story

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