Dive Brief:

• New York City-based mall retailer Aeropostale Inc. last week announced larger-than-expected losses and same-store sales declines for the seventh straight quarter. 

• But Tuesday things were looking a little brighter after the company announced it had closed on a partnership and financial deal with private equity firm Sycamore Partners, including a 5-year $100 million loan and a 10-year $50 million loan.

• The financing will help the company revamp its product lines.

Dive Insight:

The teen apparel sector is notoriously difficult for retailers right now, and brands like Aeropostale that feature a lot of logo-centric apparel at fairly steep prices are failing with teenagers and their parents at the moment. The retailer is expected to work on its product line, presumably to compete with the lower-priced, higher-turnover products found at fast-fashion competitors like H&M and Forever 21.