Find in the news:
BY COUNTRY

Mall Owners Throw Lifeline To Aeropostale



Two of the largest mall property owners in the United States has launched a late bid to keep the retailer afloat.
A slew of bankruptcies has rocked the retail landscape of late, but one of the retailers that are facing financial ruin has just had a life preserver thrown in its direction. According to Fortune, a group of bidders that includes two of the largest mall property owners in the United States has launched a late bid to keep the retailer afloat. 

Aeropostale

The bid is noted as a ‘late going concern’ bid in the retailer’s federal bankruptcy court filing. The bidders, which include Simon Property Group and General Growth Properties, would keep the retailer alive, albeit with a much smaller footprint. At its peak, Aeropostale had 800 stores. Fast forward to today and the bid would see the retailer with only 229 stores. 

No confirmation of the bid price has been revealed, but the Wall Street Journal has reported that the offer checks in at $243.3 million. Aeropostale filed for bankruptcy protection this past May. Once a bustling retail hotspot, the retailer has been impacted by changing consumer tastes and declining sales. Retailers such as Forever 21 and H&M have bypassed Aeropostale in the minds of shoppers, as evidenced by their larger foot traffic patterns. 

In addition to the mall behemoths that are part of the bidding group, Authentic Brands, Hilco Merchant Resources and Gordon Brothers Retail Partners are on board. Simon and GGP are two of the troubled retailer’s largest landlords, while the other parties will likely bid on Aeropostale’s intellectual property and merchandise inventory if the bid proves unsuccessful. 

For Simon and GGP, a lifeline bid for Aeropostale is a no-brainer. As the mall landscape continues to evolve across the nation, there have been far too many instances of a large amount of space opening up almost overnight. As opposed to finding itself in a lurch with more vacancies to fill, helping to save a struggling retail partner will help soften the blow, even if that retailer will be reducing its total footprint in terms of the number of operating stores.

Aeropostale is far from the only retailer to have filed for bankruptcy protection in recent times. American Apparel, Sports Authority, and Pacific Sunwear are a few of the other names on the list, which will unfortunately only get larger before the playing field levels out and returns to a sense of normalcy. 

Related shopping malls and stores:

More about shopping malls in the USA



TODAY, USA:
The store is located in the Pearl District in Portland, Oregon.
YESTERDAY, Italy:
The official opening will take place on December 16.
DAY BEFORE YESTERDAY, Singapore:
Gucci Beauty has made the new flagship as technologically advanced as possible.
Dec 6, 2022:
Fawaz Alhokair Group has announced plans to launch its own e-marketplace in the first half of 2023.
Dec 5, 2022, Spain:
The retail space is located on Don Juan de Austria street in downtown.
Dec 5, 2022, USA:
The renovation will create an incredibly special harbor experience.
Friend
and Follow
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us