Headlines

Aéropostale Avoids Delisting

Plan accepted by NYSE

Published

8 years ago

January 18, 2016

Teen clothing retailer Aéropostale (New York) announced Friday that its plan to avoid delisting by the New York Stock Exchange was accepted.

Retailing Today reports the company was notified Oct. 30 that it did not meet listing requirements for the NYSE because average global market capitalization for 30 consecutive days and stockholder equity were both below $50 million. The stock closing price for more than 30 consecutive days had fallen below $1.

The company’s plan, which includes last week’s announced staff layoffs, also includes CEO Julian Geiger voluntarily forgoing a million stock options.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design