Aeropostale declares Bankruptcy! H&M and Forever 21 Lower Prices are to Blame

Aeropostale tanked hard the last 13 fiscal quarters bringing in massive losses so now to my surprise which I had no idea was happening they are declaring bankruptcy. H&M and Forever 21’s more affordable and fashion friendly clothes are responsible. Companies like Banana Republic also reported significant losses in the profit column.

[Source](http://www.brandinglosangeles.com/shockingly-aeropostale-files-for-bankruptcy/)

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