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UPDATE 2-Aeropostale to shut 75 stores as sales continue to fall

2014-12-04 03:01:53| Apparel - Topix.net

Teen apparel retailer Aeropostale Inc reported its eight straight quarterly loss, hurt by higher discounts and falling demand, and said it would close about 75 stores in the current quarter. Traditional retailers in North America have been forced to slash prices to fight off intense competition and try to win back customers who increasingly prefer shopping online.

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