Aeropostale Inc. is closing its 11 Jimmy'Z concept stores reports the Wall Street Journal. The stores carried clothes targeted at teens and young adults. The WSJ says the stores will close before July, 2009. The company does have another retail concept in the works.
Julian R. Geiger, Chairman and Chief Executive Officer said in a press statement, "We sincerely thank everyone in the Jimmy'Z organization for their hard work, commitment and dedication to the brand over the past few years. We believe, however, that discontinuing the Jimmy'Z concept will enable us to focus on businesses which align with our core competencies, and generate greater long-term shareholder value."
