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Aeropostale shares plunge amid bankruptcy fears

Shoppers passing by Aeropostale
Roberto Machado Noa | LightRocket | Getty Images
Shoppers passing by Aeropostale

Shares of Aeropostale fell more than 27 percent Thursday after Bloomberg reported the company is preparing to declare bankruptcy as soon as this month.

The company declined to comment.

The news comes about a month after Aeropostale said it was exploring strategic alternatives, including a sale, as it struggles to cope with rapidly changing consumer tastes and stiff competition.

Glenn Koenig | Los Angeles Times | Getty Images

— Reuters contributed to this report.