T R O U B L E D C O M P A N Y R E P O R T E R
Saturday, July 1, 2017, Vol. 21, No. 181
AEROPOSTALE INC: Gains $3.61 Million Net Income at Apr. 29
AEROPOSTALE INC: Gains $3.61 Million Net Income at Apr. 29
Aeropostale, Inc., et. al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for the
period from April 2, 2017 through April 29, 2017.
The Debtors posted a consolidated net income of $3.61 million on
$2,000 of net sales for the period, a swing from $3.65 million net
loss reported at April 1, 2017.
As of April 29, 2017, the Debtors posted consolidated total assets
of $379.06 million, consolidated total liabilities of $214.86
million, and $164.19 million in consolidated total shareholders'
The Debtors listed $6.44 million in total disbursements for the
A copy of the monthly operating report is available at the SEC at:
About Aeropostale, Inc.
Aeropostale, Inc. (OTC Pink: AROPQ), is a specialty retailer of
casual apparel and accessories, principally serving young women
and men through its Aeropostale(R) and Aeropostale Factory(TM)
stores and website and 4 to 12 year-olds through its P.S. From
Aeropostale stores and website. The Company provides customers
with a focused selection of high quality fashion and fashion basic
merchandise at compelling values in an exciting and customer
friendly store environment. Aeropostale maintains control over
its proprietary brands by designing, sourcing, marketing and
selling all of its own merchandise. As of May 1, 2016, the
Company operated 739 Aeropostale(R) stores in 50 states and Puerto
Rico, 41 Aeropostale stores in Canada and 25 P.S. from
Aeropostale(R) stores in 12 states. In addition, pursuant to
various licensing agreements, the Company's licensees currently
operate 322 Aeropostale(R) and P.S. from Aeropostale(R) locations
in the Middle East, Asia, Europe, and Latin America. Since
November 2012, Aeropostale, Inc., has operated GoJane.com, an
online women's fashion footwear and apparel retailer.
Aeropostale, Inc., and 10 of its affiliates each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Lead Case No. 16-11275) on May 4, 2016. The petitions were signed
by Marc G. Schubac, senior vice president, general counsel and
The Debtors disclosed assets of $354.38 million and total debt
of $390.02 million as of Jan. 30, 2016.
The Debtors hired Weil, Gotshal & Manges LLP as counsel; FTI
Consulting, Inc., as restructuring advisor; Stifel, Nicolaus &
Company, Inc., and Miller Buckfire & Company LLC as investment
bankers; RCS Real Estate Advisors as real estate advisors; Prime
Clerk LLC as claims and noticing agent; Stikeman Elliot LLP as
Canadian counsel; and Togut, Segal & Segal LLP as conflicts
Judge Sean H. Lane is assigned to the cases.
The U.S. trustee for Region 2 on May 11, 2016, appointed seven
creditors of Aeropostale Inc. to serve on the official committee
of unsecured creditors. The Committee retained Pachulski Stang
& Jones LLP as counsel.
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