Daily News: May 13, 2016

Great American, Tiger Capital Support Aéropostale Store Closures


Great American Group and Tiger Capital Group are partnering with Aéropostale, a retailer of youth-oriented casual clothing, to facilitate the orderly exit of 113 of its stores and factory outlets. The store closures were announced on May 4, in conjunction with Aéropostale’s voluntary Chapter 11 filings.

Sales at the 113 closing locations began on May 7, 2016 and will last until the respective stores’ merchandise and fixtures have been sold.

“Our deep history of working with specialty apparel retailers such as Aéropostale has given us the experience to quickly and efficiently exit these locations and assist Aéropostale in optimizing its store footprint,” said Scott Carpenter, president of Great American’s Retail Solutions division.

“This is a rare opportunity for customers to take advantage of significant savings on some of their favorite apparel and accessories,” said Michael McGrail, COO of Tiger Capital Group.