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American Apparel closing stores, laying off workers
2015-07-06 18:18:49| Apparel - Topix.net
American Apparel announced Monday that it is closing stores and laying off employees and noted that it faces nearly two dozen lawsuits from ousted CEO Dov Charney. American Apparel said the $30 million in cost cutting will take place over the next 18 months.
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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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American Apparel Could Seek Cash for Restructuring
2015-07-06 17:13:52| Apparel - Topix.net
The company, which is being sued by founder and former CEO Dov Charney, said its plan aims to cut costs by about $30 million over the next 18 months by cutting jobs and closing stores.
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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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