Inevitable: American Apparel’s Bankruptcy

Posted from The Citrus Report

741d3a3501073010.jpg Inevitable: American Apparel’s Bankruptcy Summer plain black out of business News mountain high school height during the boom debt it took bankruptcy

Unfortunately for those of us who may enjoy the American Apparel ads or a plain black tee shirt or the summer shirt, it looks like it is inevitable that AA will be going out of business. In fact, “American Apparel, as it turns out, has experienced declining year-on-year same-store sales in every month for which the company has made records available since February, 2009.”

Also, “Meanwhile, the company is struggling to manage the mountain of debt it took on during the boom years, when it signed dozens of leases at the height of the real-estate bubble and more than occasionally hired 17-year-old high school drop-outs Charney took a shine to to “manage” the new stores.”

Posted By The Citrus Report