Despite minor gains, Aeropostale plans to close up to 75 stores

Although teen apparel retailer Aeropostale mitigated its losses in the fourth quarter, the chain is still struggling, and, as a result, plans to close between 50 and 75 stores in 2015. Net sales fell 11.3 percent to $593.8 million, down from $70.3 million in the previous quarter. CEO Julian Geiger reported that traffic in physical stores is still weak. Story