New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 18, 2014
17:18 EDTAPPAmerican Apparel reports Q2 EPS (9c), consensus (6c)
Reports Q2 revenue $162.4M, consensus $162.52M. Q2 SSS down 6%. Q2 comparable online sales down 3%. Q2 comparable retail and online sales down 6%. Q2 wholesale net sales up 9%. Total Q2 SSS flat.
News For APP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use