Business

Aerie to close its doors in Nittany Mall

Aerie in the Nittany Mall is set to close by the end of March.
Aerie in the Nittany Mall is set to close by the end of March. Centre Daily Times, file

Aerie in Nittany Mall is set to close by the end of March, according to a corporate spokesman who declined further comment.

The closing comes during the same month that the company announced it was nearing its 150-store closure goal by the end of the 2016 fiscal year. It has closed 102 since the beginning of the 2014 fiscal year.

“As broadly reported, the fourth quarter was a challenging period for the apparel industry due to a number of macro factors,” AE CEO Jay Schottenstein said in the company’s fourth-quarter report. “Despite this, we achieved sales growth and a modest increase in operating income. We are encouraged that our spring season is off to a good start against positive results last year. Our focus in 2016 will center on continuous merchandise improvements, elevating our efforts on customer acquisition and optimizing the strength of our operations and brands. I’m confident in our ability to drive further growth and deliver shareholder returns.”

Nittany Mall manager Polly Welch did not respond to requests for comment.

Aerie will join other storefronts like Can’s Art and The Winery at Wilcox in closing its doors in the mall in 2016.

Dunham’s Sports, a Jackson Hewitt office and Good Scents recently opened in the mall.

Shawn Annarelli: 814-235-3928, @Shawn_Annarelli

  Comments