Issue 2011 April 05th

This issue was created on 2011-04-05 08:17:00

  • Cautionary US tale as American Apparel at risk of Chapter 11April 5, 2011
Beleaguered US fashion chain American Apparel has warned that it might be forced to file for bankruptcy if its sales performance does not improve following weak sales in 2010. The retailer, which has stores across Western Europe, plus Israel, the Far East, China and Australia, said sales and net profits both dropped for the fourth quarter to 31 December, which contributed to a 4.6% fall in full-year sales to USD559m and a net loss of USD86m for the year.
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