American Apparel is still reeling from the fallout caused by founder Dov Charney's ouster from the company. Yesterday, the Los Angeles-based retailer announced an ambitious strategy to save the brand, whose stock price has dropped significantly...Show More Summary
The clothing company announced another round of layoffs on Monday.
Urban Outfitters is among the very few apparel retailers in the U.S., who are still expanding their store base in the country. Others such as Gap Inc and American Eagle Outfitters are in the process of consolidating their respective networks. Show More Summary
The company plans to "add new stores in areas of strong growth, while retreating from "over-saturated markets," it said Monday.
The latest in American Apparel’s retail struggle is that the company is shutting down several of its U.S. stores and laying people off as part of “cost-cutting measures.” Read more...
American Apparel announced cost-cutting measures aimed at saving $30 million, including the closure of unprofitable stores and a scaling back of its workforce.
NEW YORK -- American Apparel said Monday it plans to lay off workers and shutter stores with weak sales. The Los Angeles-based company hopes to slash $30 million in operating expenses over the next 18 months. A spokeswoman declined to comment on the number of stores that will close and the number of employees who will receive pink slips. Show More Summary
Without raising more funding, that is. Continue reading
Troubled retailer also warns it is running low on cash
Struggling hipster brand American Apparel announced today that it is closing stores and laying off workers as part of a $30 million cost-cutting effort. [ more › ]
American Apparel announced on Monday that it will close stores and lay off employees as it tries to cut costs and turn around its fortunes following a turbulent era. The cuts will save a total of... To view the full story, click the title link.
Struggling retailer American Apparel Inc. is laying off workers and closing some stores as part of an ongoing effort to turn around its business.
For much of the past year, American Apparel has been embroiled in a public dispute — and several lawsuits — with founder Dov Charney. It appears that problems for the retailer aren’t just confined to the former CEO’s alleged bad behavior, as the company announced it would undergo a $30 million cost-cutting effort in an attempt to return to … [More]
Struggling teen clothing retailer American Apparel is closing underperforming stores and plans to raise more capital in the next 12 months as part of a new restructuring plan aimed at cutting costs. The current board of directors at American... Read more The post American Apparel Continues To Struggle, Will Close Stores And Raise More Capital appeared first on Business Pundit.
(Reuters) - Struggling teen clothing retailer American Apparel Inc said it may need to raise more capital in the next 12 months as part of a new restructuring plan aimed at cutting costs. The company, which is being sued by founder and...Show More Summary
Lake Charles, LA – (JULY 1, 2015) – Legally Armed America Inc., the pro-gun network of companies dedicated to preserving the Second Amendment and enriching the shooting sports lifestyle, along with Gun District, the premier social media community established for firearms and outdoor enthusiasts, announces new Gun District logoed apparel. Show More Summary
He's not finished here, American Apparel.
(Reuters) - American Apparel Inc said its ousted Chief Executive Dov Charney filed two more lawsuits against the company alleging defamation, representation in false light and claims for securities fraud. The new lawsuits follow several...Show More Summary
In the latest lawsuit filed against American Apparel by its founder, Dov Charney alleged that company officials and hedge fund Standard General committed fraud and conspired to push him out of the company last June.
Guy #1: Dude, I was rockin’ pink American Apparel briefs and brown pants and pink and brown-striped socks when I hung out with her! Chicks dig that attention to detail, man.Guy #2: Keep it down, man! You sound like a fucking faggot.–Whole Foods, 14th StOverheard by: lil pirate