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American Apparel To Cut Jobs, Close Stores In Reported $30M Cost-Cutting Effort

2015-07-06 18:18:48| Apparel - Topix.net

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American Apparel to close stores and cut jobs

2015-07-06 17:39:00| Daily apparel & textile news and comment - from just-style.com

American Apparel has announced plans to close underperforming stores and streamline its workforce in phase two of its turnaround plan, as the retailer battles headwinds and attempts to cut costs.

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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.

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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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Traders recall the 'rush' and 'roar' as famed pits close

2015-07-05 16:46:28| Beverages - Topix.net

16, 2003 file photo, clerks shout in the Euro Dollar Futures pit at the Chicago Mercantile Exchange. Most pits in Chicago and New York where traders bet on future prices of palladium and gold, cattle and... .

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