Path opens up for Aeropostale rescue
Bankrupt Aeropostale Inc. may not be going out of business after all.
The teen apparel chain has resolved a dispute with lenders that threatened to sink a potential bid from a unit of Versa Capital Management to buy the chain out of bankruptcy, Bloomberg reported.
Versa would keep about 500 Aeropostale stores open, according to the report.
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Dick’s Sporting Goods going big in Houston
Dick’s Sporting Goods is expanding its footprint in the Houston market.
The retailer is looking to open six stores this fall in the Houston area, up from the five it had previously announced, the Houston Business Journal reported.
In November, General Growth Properties announced it had signed lease agreements with Dick’s to open in five GG shopping centers in Houston: Baybrook Mall, Deebrook Mall, First Colony Mall, The Woodlands Mall, and Willowbrook Mall.
Teen apparel retailer to unveil new store prototype
It’s no secret that Abercrombie & Fitch has been developing a new prototype.
The chain will unveil its new look early next year, at Polaris Fashion Place, in Columbus, Ohio. The store will herald a new direction for the brand with a new aesthetic and updated merchandise selections. It will be situated on the lower level near Madewell.
Abercrombie has already introduced a new look for its Hollister store brand.
“We are looking forward to launching our first A&F prototype in Polaris, a great fashion destination right in our backyard, which will allow us to receive customer feedback firsthand,” said Fran Horowitz, president and chief merchandising officer, Abercrombie & Fitch Co. “With the strong performance we are seeing with our new Hollister prototype, the updated A&F store will also deliver a differentiated and elevated experience for customers, and will highlight how we are evolving as a brand.”
Polaris Fashion Place is owned by Columbus-based WP Glimcher Inc.