Home › The Wall Street Journal: American Apparel to close stores, streamline workforce
 

Keywords :   


The Wall Street Journal: American Apparel to close stores, streamline workforce

2015-07-06 16:09:00| Apparel - Topix.net

American Apparel Inc. on Monday unveiled plans to cut costs by closing underperforming stores and streamlining its workforce as the retailer looks to turn around its flagging business. said the moves, which are expected to save $30 million over the next 1 1/2 years, are aimed at helping the company adapt to headwinds in the retail industry and preserving jobs for the "overwhelming majority" of its 10,000 employees.

Tags: close street american journal

Category:Consumer Goods and Services

Latest from this category

All news
05.11PM responds to Sir Alan Bates after repeated requests
05.11Tube strikes called off after union talks
05.11NI rise hits workers harder than employers, says OBR
05.11Netflix Europe offices raided in tax fraud probe
05.11Vodafone-Three merger could get green light, watchdog says
05.11Vodafone-Three merger could get green light, watchdog says
05.11Altice USA residential video RGUs down 77,000 in 3Q 2024
05.11Shoppers warned over luxury advent calendar scams
Consumer Goods and Services »
06.11Eastern North Pacific Tropical Weather Outlook
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Forecast Discussion Number 9
05.11Tropical Storm Rafael Wind Speed Probabilities Number 9
05.11Tropical Storm Rafael Public Advisory Number 9
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Tropical Storm Rafael Forecast Advisory Number 9
05.11Delayed implementation of EID eartag rule requested
More »