new line

American Apparel Says It Doesn’t Have Enough Financing To Continue Operations Next Year

American Apparel Says It Doesn’t Have Enough Financing To Continue Operations Next Year

Between lawsuits, investigations and pressure from investors, American Apparel has its fair share of troubles over the past year and a half. But things don’t look to be getting any better for the retailer, as it announced today it doesn’t have enough financing to continue operations for another year. [More]

American Apparel Closing Some Stores, Launching New Line In Turnaround Effort

American Apparel Closing Some Stores, Launching New Line In Turnaround Effort

For much of the past year, American Apparel has been embroiled in a public dispute — and several lawsuits — with founder Dov Charney. It appears that problems for the retailer aren’t just confined to the former CEO’s alleged bad behavior, as the company announced it would undergo a $30 million cost-cutting effort in an attempt to return to its former funky glory. [More]