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American Apparel Just Took Another Step Toward Shutting Down Oak

2015-11-24 18:19:39| Apparel - Topix.net

The $600,000 dollars that Oak's founders offered to buy back its brand from American Apparel, who disclosed plans shutter the business last month, might not be enough. WWD reports that a ruling was filed in the courts on Friday regarding the closure, though it's not clear exactly what that means for the brand at this point.

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Major Bummer: American Apparel Gets Approval to Shutter Oak's LA Stores

2015-11-24 01:44:02| Apparel - Topix.net

This isn't quite the Black Friday sale we had hoped from Oak, the goth-leaning basics brand that ailing American Apparel snapped up two years back. Following the NYC-based label's attempts to save itself from the chopping block, a judge has given its LA-based parent company the green light to shutter Oak's four brick-and-mortar boutiques.

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American Apparel founder Dov Charney says he's broke and can't afford lawyer

2015-11-06 04:54:45| Apparel - Topix.net

Dov Charney built a worldwide empire of 280 clothing stores, personifying the racy, risk-taking aesthetics of his business, but investors became skittish over his controversial persona. Ex-American Apparel boss Dov Charney lives in a Los Angeles mansion with eight bedrooms, but says he can't scrape together enough cash to keep paying a lawyer.

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American Apparel Is Selling Its Lower East Side Mannequins on Craigslist

2015-10-29 03:44:13| Apparel - Topix.net

Yesterday, one of the first American Apparel stores to arrive in New York City shut its doors. The company, in the midst of Chapter 11 bankruptcy proceedings, seems to be hinting that its memorable store at 183 East Houston Street didn't make the cut because of its performance, but a statement we received from American Apparel yesterday says otherwise: "This store closure is a next step in implementing our previously announced turnaround plan , which includes underperforming locations and investing in new stores in promising areas."

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US Q3 in brief: American Apparel, Black Diamond, Iconix Brand Group

2015-10-20 16:22:00| Daily apparel & textile news and comment - from just-style.com

In the most recent third-quarter filings from US apparel brands and retailers, Kate Spade & Co returned to profit, while Columbia Sportswear Co, Sequential Brands and Under Armour have lifted their full-year guidance. However, Weyco saw net earnings edge down, Steve Madden lowered its sales outlook for the full year, and Iconix Brand Group swung to a net loss.

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