Shoe Seller Aerosoles Plans Bankruptcy

9/17/17

Women’s shoe retailer Aerosoles Group is planning to file bankruptcy to exit its unprofitable store leases, people familiar with the matter said on Thursday.

The shoe seller’s bankruptcy will come as soon as this month, said one of the people. Aerosoles, known for its comfortable flats and wedges sold in its own shops and in department stores, plans to remain in business, unlike many other retailers who filed for bankruptcy in recent years and liquidated, said the people.

At least a dozen retailers selling apparel, electronics and discount shoes have filed for bankruptcy this year to slash their store count and better compete with e-commerce giants such as Amazon.com Inc.

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