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American Apparel to close some stores, cut jobs to reduce costs

2015-07-06 16:08:58| Apparel - Topix.net

The apparel seller expects to reduce costs by $30 million over the next 18 months. The company said even if revenue increases and costs are cut, there can be no guarantee it will have enough financing commitments to meet funding requirements for the next 12 months without raising additional capital, or that it will be able to raise that capital.

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