Aeropostale, one-time mall king, seeks bankruptcy protection

NEW YORK (AP) — Aeropostale, once the vibrant epicenter of the U.S. mall scene, is seeking Chapter 11 bankruptcy protection and closing 20 percent of its stores in North America.
The New York company said Wednesday that it is closing 113 of its 739 U.S. stores and all 41 locations in Canada. Going-out-of-business sales at those U.S. stores will begin this weekend.
Aeropostale expects to emerge from bankruptcy protection within six months as a smaller company after renegotiating contracts a