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Aeropostale files for bankruptcy: 154 stores to close, including several in Ohio

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Aeropostale, once the vibrant epicenter of the U.S. mall scene, is seeking Chapter 11 bankruptcy protection.

The New York company said Wednesday that it is closing 113 of its 739 U.S. stores and all 41 locations in Canada. Going-out-of-business sales at those U.S. stores will begin this weekend.

USA Today reports that according to court filings, the list of stores in Ohio are set to include:

— Akron: Summit Mall
— Clairsville: Ohio Valley Mall
— Cincinnati: Tri-County Mall
— Cincinnati: Eastgate Mall
— Columbus: Eastland Mall
— Heath: Indian Mount Mall
— Niles: Eastwood Mall
— Youngstown: Southern Park Mall
— Zanesville: Colony Square

Aeropostale expects to emerge from bankruptcy protection within six months as a smaller company after renegotiating contracts and resolving an ongoing dispute with the investment firm Sycamore Partners, a major shareholder that pushed through changes in company leadership.

The company’s shares traded for more than $30 six years ago, when annual sales exceeded $2 billion. Two weeks ago, it was delisted from the New York Stock Exchange with shares having failed to break the $1 barrier since last year.