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Stock Market & Financial Investment News

News Breaks
January 3, 2013
05:19 EDTAPPAmerican Apparel reports Dec. 2012 comparable store sales up 14% to $63.5M
American Apparel announced preliminary comparable sales for the month ended December 31, 2012, and reported that comparable store sales increased 14%, including a 9% increase in comparable store sales for its retail store channel and a 59% increase in net sales for its online channel. Wholesale net sales increased 12% for the month of December and total net sales increased 14% to $63.5M. For the year ended December 31, 2012, total net sales increased 13% to $616.7M, with a 15% increase in comparable store sales, and a 12% increase in wholesale net sales.
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July 27, 2015
07:22 EDTAPPAmerican Apparel close to bankruptcy, NY Post reports
American Apparel is on the brink of bankruptcy, the New York Post reports. The retailer is currently short on cash reserves and faces a large bond payment in less than three months, all in addition to piling legal bills over the Dov Charney lawsuit over alleged sexual harassment, the report says. Investors are bracing themselves for all-out bankruptcy when the company releases its quarterly earnings, the report adds. Reference Link
July 15, 2015
14:29 EDTAPPAmerican Apparel stake holder Standard General sues Charney, Reuters says
American Apparel investor, Standard General, has sued the company's ex-CEO Dov Charney for the first time, alleging that the ousted CEO has not made good on promises to the hedge fund and looks to impose an injunction to end his "meritless" and "destructive actions" against the firm, says Reuters, in a report from last night. Reference Link

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