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Stock Market & Financial Investment News

News Breaks
February 7, 2013
06:11 EDTAPPAmerican Apparel reports January SSS up 10%
American Apparel announced January comparable store sales increased 10%, including a 7% increase in comparable store sales for its retail store channel and a 24% increase in net sales for its online channel. Wholesale net sales increased 14% for January and total net sales increased 11% to $46.4M, a company record.
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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

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