×
1 871
Fashion Jobs
VF INTERNATIONAL
Warehouse Trainer
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Trainer
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTÉE LAUDER
Clinique - Consultant - Boots, Trafford - 15 Hours - Part Time, Permanent
Permanent · Manchester
FOOT LOCKER
Community Marketing Manager
Permanent · London
VF INTERNATIONAL
UK Retail - IT Senior Service Delivery Analyst
Permanent · NOTTINGHAM
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
EUDON CHOI
Production Manager
Permanent · LONDON
TK MAXX
Loss Prevention Officer - tk Maxx Bristol
Permanent · Bristol
LONDON CONTOUR EXPERTS
Marketing Executive/Junior Manager
Permanent · LONDON
ESTÉE LAUDER
Tom Ford - Business Manager - Flannels - Fosse Park, Leicester - 37.5 Hours - Full-Time - Permanent
Permanent · Leicester
VF INTERNATIONAL
International Account Coordinator - Ftc 12 Month
Permanent · NOTTINGHAM
TIMBERLAND
Credit Controller - German Speaking - Timberland
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - Italian Speaking - The North Face
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - French Speaking - The North Face
Permanent · CALVERTON
PINKO
Supervisor
Permanent · MANCHESTER
RALPH LAUREN
Operations Manager
Permanent · Cheshire
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis - 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
Published
Aug 13, 2010
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

American Apparel faces failure?

Published
Aug 13, 2010

U.S. financial results revealed American Apparel’s Q1 losses. With 91.4 million dollars of debt and 6% drop in 2009 sales, the brand began 2010 with a further 10% fall.

American Apparel

The first quarter was consumed by a drop in sales to $17.6 million on a comparable basis and the label’s share price collapsed just recently as it delayed publishing its second quarter figures.

Over the last year, more than 67% of its value has disappeared. Even if the regular opening of shops was bringing in sales turnover throughout the last few seasons, it was done during the economic crisis so these shops are also saddling the company’s precarious financial situation.

Demanded to pay $5 million to Woody Allen for using his image without permission, forced to lay off 1,500 illegal workers, accused of job discrimination; the brand is accumulating resentment. To head its network of 280 stores, American Apparel has been trying, for several months to find the support from the investment fund group, Lion Capital to spread its debt.

It will not be for another few days until we see what this brand’s finances really look like but American press is already claiming bankruptcy looms.



Original by Matthieu Guinebault. Translated by Rosie Hart

Copyright © 2021 FashionNetwork.com All rights reserved.