You had to know this was coming.
Aeropostale, once one of the most beloved retailers of your local mall, has filed for Chapter 11 bankruptcy protection. The news is hardly a surprise, as teens are no longer flocking to the chain for apparel, instead opting for more trendy stores such as Forever 21 and H&M.
Think about it: when was the last time you stepped foot in Aero?
The store will now move quickly to close 113 of its 739 U.S. stores and all 41 of its locations in Canada. According to USA Today, Aero will use the protection to shed their debt and restructure their business. Although it won’t immediately result in going out-of-business, a sale of the company is likely.
This comes after drastic falls of Aero’s sales, most recently declining 18 percent in 2015.
SOURCE: USA Today | PHOTO CREDIT: Getty