Aeropostale to Shutter 125 P.S. Locations

NEW YORK CITY—Following what the company calls a strategic business review, apparel retailer Aeropostale, Inc. reports it will close approximately 125 shopping mall-based P.S. from Aeropostale stores by the end of fiscal year 2014. The company, as part of its restructuring, also plans to reduce its corporate headquarters workforce here by approximately 100 positions.

The company says the store closing and job reduction initiatives will generate approximately $30 million to $35 million in annualized pre-tax savings, of which approximately $5 million to $10 million is expected to be achieved in fiscal 2014.