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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.

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