je.st
news
Aeropostale Cutting Jobs as Teen Retailer's Sales Slump
2016-01-13 00:07:59| Apparel - Topix.net
The New York company said Tuesday it expects to cut expenses by $35 million to $40 million a year starting in fiscal 2016 and will slash its corporate staff by 13 percent, or 100 jobs, by the end of January. CEO Julian Geiger is also giving back 1 million stock options so Aeropostale can give them to other employees in an effort to keep them with the company.
Tags: jobs
sales
cutting
teen
Category:Consumer Goods and Services