August 15, 2012 |
Los Angeles clothier American Apparel Inc. on Tuesday reported a higher loss in the second quarter despite a bump in sales. For the quarter ended June 30, the retailer reported a net loss of $15.3 million, or 14 cents a share, compared with a loss of $213,000, or flat earnings per share, in the same period a year earlier. Sales totaled $149.5 million, a 13% jump from $132.8 million in the year-ago period. Peter Schey, an attorney for American Apparel, said the bigger loss was mostly attributable to stock warrants, which give investors the right to buy shares at a set price even if the stock soars in value.
April 3, 2008 |
In a move to put a new spin on a sore subject, American Apparel Inc. is opening stores in China this spring, stocking them with T-shirts, shorts and hoodies made in downtown Los Angeles. Talk about swimming against the tide: A third of the clothes sold in the U.S. come from China. Just 6% of the things we wear are made here. Whether the Chinese will warm to American Apparel's logo-free, no-glitz offerings as they have to loftier brands -- such as Louis Vuitton and Gucci -- and to trendy lower-priced fashions is a big unknown.
December 11, 2010 |
Shareholders elected to keep American Apparel Inc. founder Dov Charney on its board of directors, according to voting results announced at the troubled Los Angeles clothing maker's annual meeting Friday. In recent months American Apparel has been beset by a host of problems including sales declines, losses, problems with its debt and delayed quarterly filings. Two other board members, Mark Samson and Mark A. Thornton, were also reelected. Each will serve a three-year term. Shareholders also approved the ratification of Marcum as the company's independent auditor.
July 6, 2011 |
???Two American Apparel Inc. board members have resigned, Chief Executive Dov Charney said. The move was expected after the Los Angeles clothing maker reported last week that it had appointed two new board members, one of them effective immediately, the other effective "upon a future board vacancy. " Charney denied speculation that the two outgoing directors, Mark Samson and Mark Thornton, had been forced out because they disagreed with the company's decision not to file for Chapter 11 bankruptcy protection in the spring during a liquidity crisis.
September 2, 2012 |
VF Corp., one of the world's largest apparel companies, will move the headquarters of its Splendid and Ella Moss clothing lines to a historic industrial complex in downtown Los Angeles. The clothier agreed to lease 80,000 square feet in Alameda Square near the intersection of Alameda Street and Olympic Boulevard, said real estate broker John Zanetos of CBRE Group Inc. The 10-year deal is valued at about $18 million. VF will convert raw warehouse space into offices in preparation for a move early next year.
May 11, 2012 |
Los Angeles clothier American Apparel Inc. reported a narrower financial loss and improved sales in its first quarter of 2012, but it continued to struggle. For the quarter that ended March 31, the retailer reported a loss of $7.9 million, or 7 cents a share, an improvement from the loss of $20.7 million, or 28 cents a share, a year earlier. Sales totaled $132.7 million, a 14% jump from $116.1 million in the year-earlier period. "We're beginning to see the results of greater efficiency in merchandise planning, systems for delivery to markets and inventory control," said Peter Schey, a lawyer for American Apparel.
August 11, 2010 |
Troubled clothing firm American Apparel Inc. said Tuesday that its second-quarter sales probably fell compared with a year earlier and that it expected to report a loss. In a filing with the Securities and Exchange Commission, the Los Angeles company also said that it was "unable, without unreasonable effort and expense," to file its quarterly report on time for the three months that ended June 30. The company blamed its weak total sales on a decrease in retail sales, although it didn't provide specific figures.
December 30, 2008 |
If you're nursing a market-average 40%-or-so loss in your stock portfolio in 2008, just remember: It could have been worse -- much worse. The destruction in the stock market this year was notable not just for its breadth but for the number of huge companies whose shares were reduced to so much rubble. The banking, brokerage and mortgage sectors led the Fall of the Titans, of course. Some of the biggest names in the financial industry wound up either in bankruptcy (Lehman Bros.
November 8, 2011 |
Los Angeles clothier American Apparel Inc. continued to struggle in the third quarter with red ink, but reported a narrower loss and a rise in sales. For the quarter ended Sept. 30, the company reported a loss of $7.2 million, or 7 cents a share, compared with a loss of $9.5 million, or 13 cents, a year earlier. Total sales rose 5% to $140.9 million. Online sales increased 11%. Comparable-store sales, an important barometer of a retailer's health, rose 3%; American Apparel measures comparable-store sales as the combination of online sales and sales at stores open at least a year.