American Apparel Inc
The following is a general roundup of US apparel and shoe chains' July 2008 sales results. The list will be updated as new results become available.
Apparel maker Gildan Activewear has confirmed American Apparel products will continue to be made in the US, after revealing it has secured contractors in the country to support production.
American Apparel is to shutter all 110 of its retail stores along with its Los Angeles headquarters, in a move that could reportedly affect 2,400 employees.
Canada's Gildan Activewear has acquired the American Apparel brand in a court supervised auction for the bankrupt retailer that saw the manufacturer raise its bid to around US$88m.
Online giant Amazon and teen apparel chain Forever 21 are understood to be among the companies considering offers to acquire bankrupt retailer American Apparel.
Troubled teen fashion retailer American Apparel is said to be calling on one of its suppliers to return 250,000 pounds of fabric being held back over a debt pre-dating the company's second bankruptcy.
Teen fashion retailer American Apparel is understood to be closing nine of its poorly performing stores by the end of the month.
Canada's Gildan Activewear is hoping to acquire the American Apparel brand in a deal worth around US$66m, which was struck after the troubled US retailer today (14 November) filed for Chapter 11 bankruptcy protection for the second time in just over a year.
Troubled US retailer American Apparel could be heading for its second bankruptcy filing in as many years as rumours swirl that Authentic Brands Group (ABG) and Iconix Brand Group are among several companies expressing interest in acquiring the brand.
Paula Schneider, the chief executive tasked with turning the fortunes of troubled US retailer American Apparel around, is understood to be stepping down.
Troubled US retailer American Apparel is using a crowdsourcing campaign to look for new ideas for made-in-US products such as footwear that it can sell in its stores and online.
American Apparel is to cut more jobs as part of plans by the troubled US retailer to redesign its production processes and potentially outsource the manufacture of more complicated garments.
Troubled US retailer American Apparel has named Paul Charron, former CEO of Liz Claiborne, as its new chairman.
Ailing US retailer American Apparel has emerged from Chapter 11 bankruptcy as a private company after implementing a reorganisation plan, and is turning its attention to its all-important turnaround.
American Apparel saw its losses deepen in the third quarter as the US fashion group works through a reorganisation plan aimed at exiting Chapter 11 bankruptcy.
Dov Charney, the former CEO of American Apparel, has had his hopes of regaining control of the company dashed after the retailer's Chapter 11 bankruptcy exit plan was this week approved by a US court.
Dov Charney, the ousted CEO of American Apparel, has joined forces with two private equity firms in a US$300m bid to buy back the retailer.
In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings.
American Apparel has outlined a plan of reorganisation that will give it access to US$10m in cash as the US fashion retailer looks for a way to stay afloat after filing for bankruptcy earlier this month.
US fashion retailer American Apparel has filed for Chapter 11 bankruptcy protection, crippled by US$311m of debt, falling sales, and a number of corporate lawsuits.
Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black.
American Apparel has reported widened losses in the second quarter and falling sales as it revealed further financial troubles.
American Apparel has announced plans to close underperforming stores and streamline its workforce in phase two of its turnaround plan, as the retailer battles headwinds and attempts to cut costs.
The lawyer of Dov Charney, the former CEO of American Apparel, has said allegations the founder used ethnic slurs against workers and kept videos on a company server of himself in sex acts with employees are false.
American Apparel has hired its third executive this year, with the appointment of Brian McHale as its chief information officer.
US fashion group American Apparel has filed suit against former CEO Dov Charney for violating his standstill agreement with the company.
Teen apparel retailer American Apparel has said its strategic turnaround will “take time” after seeing its first-quarter loss widen, weighed down by lower sales and significant charges.
American Apparel has made around 180 job cuts as part of plans to restore the financial health of the company.
American Apparel said it remains focused on putting the right processes in place to grow the brand after widening its losses in the fourth quarter and revealing falling sales.
It seems American Apparel doesn't want to learn its lesson. Now operating under new CEO Paula Schneider, you might be forgiven for thinking the US fashion retailer had turned a corner.
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