Aeropostale to close Branson Landing store

In the wake of its bankruptcy filing this week, New York-based closing retailer Aeropostale Inc. (OTC: AROP) plans to close its Branson Landing store along with 112 others in the U.S.

The company’s Springfield store inside Battlefield Mall is not affected.

Liquidation sales are scheduled to begin this weekend at the affected stores. The six to eight week process is expected to bring in $21 million in revenue. The company also is closing all 41 of its Canada locations, according to a news release.

“We have chosen to take more decisive and aggressive action to create a leaner, more efficient business that is well-positioned to compete and succeed in today's retail environment,” Aeropostale CEO Julian Geiger said in the release. "We appreciate the loyalty and support of our customers, employees and business partners as we complete this process."

Two other Missouri stores - one each in Columbia and Kansas City - are on the closure list.

In its Chapter 11 bankruptcy filing, Aeropostale estimated assets between $100 million and $500 million and liabilities between $100 million and $500 million. The company reported 10,001-25,000 creditors.

Aeropostale, which reported a fiscal 2015 net loss of $21.7 million, late last month suspended the trading of its over-the-counter stock.