American Apparel has hired investment bank Houlihan Lokey to explore a sale, people familiar with the matter said on Wednesday.
Aeropostale has been negotiating a potential sale to Versa Capital that would save thousands of jobs at the bankrupt U.S. teen retail chain.
Aeropostale has filed for Chapter 11 bankruptcy protection, becoming the latest victim in the fast-changing retail landscape.
Liz Dunn, Talmage Advisors Founder & CEO, discusses the teen retail sector as Aeropostale reportedly joining the ranks of teenage apparel brands filing for bankruptcy.
Retailer Aeropostale is reportedly preparing to file for bankruptcy protection within the next few days.
The struggling teen apparel retailer says it has no plans to appeal the delisting determination.
Aeropostale fell more than 15 percent after a report said the company is preparing to declare bankruptcy as soon as this month.
One analyst says teen retailers are up against an additional headwind that most other retailers don't have to deal with.
Aéropostale shares tumbled nearly 50 percent, hours after the company reported a wider quarterly loss compared to the prior-year period.
The teen apparel retailer says they will be exploring strategic alternatives to better appeal to the rapidly changing tastes of consumers.
Aeropostale said it was exploring strategic alternatives, including a sale, as it struggles to cope with rapidly changing consumer tastes.
Some of the names on the move ahead of the open.
The Dow Jones industrial average is also on track for its biggest comeback from a deficit during a quarter since 1933.
Check out the companies making headlines after the bell Thursday: ADBE, SFLY, ARO and more.
U.S. futures pointed to a lower open, after the Wednesday rally that occurred after the Federal Reserve's latest policy statement.
While earnings season was underwhelming, the few companies left to report are seeing heavy upward revisions activity. Estimize reports.
Several teen retailers are showing signs that they're finally starting to recapture some of their mojo.
Teen retailers Abercrombie and American Eagle appear to be making a comeback.
For the first time since the recession, occupancy at malls is declining, and market rents appear to be slowing.
Activist investors and others on Wall Street are growing increasingly impatient with retailers' reluctance to close unprofitable stores.