Footwear Retailer Aerosoles Files for Bankruptcy

NEW YORK, United States — Women’s shoe chain Aerosoles Group filed for Chapter 11 bankruptcy protection on Friday with a plan to close most of its stores and focus on its wholesale, e-commerce and international businesses, becoming the latest casualty in the struggling US retail sector.

Aerosoles, formally known as Aerogroup International Inc, blamed its bankruptcy on declining mall traffic, big industry-wide markdowns and a shift toward online shopping, according to a cour…
The Business of Fashion

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