American Apparel Inc
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US: American Apparel plans new stores as Q4 profit leaps 30%
Fashion retailer American Apparel Inc today (17 March) posted a 30% jump in fourth quarter profit, helped by higher sales and margins following its aggressive expansion into new markets, and says it plans to open up to 30 new stores in the year ahead.
Top stories on just-style this week...
Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.
US: American Apparel sells 18% stake for $80m
US fashion retailer American Apparel Inc has sold an 18% stake in its business to British private equity firm Lion Capital for $80m, which it will use to pay off some of its debt.
US: Retailers' February 2009 sales roundup
The following is a general roundup of US apparel and shoe chains' February 2009 sales results. The list will be updated as new results become available.
US: American Apparel appoints general counsel
American Apparel has announced that Glenn A. Weinman will join the company as senior vice president, general counsel and secretary, reporting to American Apparel CEO Dov Charney.
US: American Apparel names Kowalewski as CFO
Fashion retailer American Apparel said Adrian Kowalewski has been appointed as its executive vice president and chief financial officer, effective immediately.
US: American Apparel extends credit deadlines
US fashion retailer American Apparel has extended the maturity of two of its credit facilities by three months, the company reports.
US: Stock compensation hits American Apparel Q3 profit
Soaring third quarter sales at American Apparel were undermined by a one-off stock compensation payment, driving profit down 61% to US$2.3m.
US: American Apparel to pilot Xterprise retail solutions
American Apparel Inc is to trial a new retail solution to help manage out-of-stock issues and item level security in its stores.
US: American Apparel ups expansion as Q2 profit soars
American Apparel is to speed up its retail expansion programme after posting a 42% increase in second quarter profits.
US: Retailers' July 2008 sales roundup
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.
US: Retailers' May 2008 sales roundup
The following is a general roundup of apparel and shoe chains' May 2008 sales results. The list will be updated as new results become available.
US: American Apparel CFO quits after CEO jibe is reported
American Apparel CFO Ken Cieply has quit his post - a short time after public criticism from the company's boss appeared in national press.
US: American Apparel buys fabric facility
American Apparel has spent US$3.8m on the purchase of a fabric dyeing and finishing facility in Garden Grove, California.
US: American Apparel investment hits Q1 income
Significant investments in retail expansion led to a fall in first quarter profits at American Apparel, despite a 51.9% surge in sales.
US: American Apparel in drive for Cleaner Cotton
In an effort to expand its sustainable practices, T-shirt and casualwear brand American Apparel Inc has just purchased 30,000 pounds of Cleaner Cotton(TM) from California’s Central Valley.
US: American Apparel rolls out item-level RFID
T-shirt and casual clothing brand American Apparel has become one of the first retailers to roll out item-level radio frequency identification (RFID), with a new solution set to improve inventory accuracy at its stores.
US: Woody Allen suing over American Apparel ad?
Woody Allen has reportedly filed a lawsuit against American Apparel, saying the clothing firm used adverts featuring him without his knowledge.
US: American Apparel swings to $6.2m Q4 profit
American Apparel, the US producer of T-shirts and other cotton basics, has swung to a fourth quarter profit, helped by a $6.2m tax benefit.
US: American Apparel details $39m employee stock grant
American Apparel has announced further details regarding the 2.71m common shares to be issued to its employees under its 2007 Performance Equity Plan approved by shareholders on 12 December last year.
US: American Apparel merger approved
Endeavor Acquisition approved its merger deal with American Apparel at a special stockholders meeting yesterday (13 December).
US: Endeavor to vote on American Apparel buy
Investment vehicle Endeavor Acquisition is today (12 December) holding a special shareholder meeting to vote on the proposed acquisition of LA-based American Apparel.
US: Global partners plan anti-counterfeiting trade pact
The US is teaming up with Canada, the European Union, Japan, Korea, Mexico, New Zealand and Switzerland to launch a major new initiative in the international fight against counterfeiting and piracy.
US: Bill proposes apparel import benefits for poorest countries
New legislation that would give duty-free access to the US for imports of apparel and footwear from most least developed countries (LDCs) and African Growth and Opportunity Act (AGOA) countries has been slammed by US textile groups.
US: American Apparel swings to $1.5m Q1 profit
American Apparel Inc, the US producer of T-shirts and other cotton basics, has swung to a first quarter profit helped by strong retail sales in both the US and overseas.
US: American Apparel going public through merger
In a transaction as unconventional as its growth has been dramatic and its advertising and founder controversial, American Apparel Inc plans to be acquired by Endeavor Acquisition Corp for about US$244m, including the assumption of about $110m in debt.
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