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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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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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street
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journal
American Apparel to close some stores, cut jobs to reduce costs
2015-07-06 16:08:58| Apparel - Topix.net
The apparel seller expects to reduce costs by $30 million over the next 18 months. The company said even if revenue increases and costs are cut, there can be no guarantee it will have enough financing commitments to meet funding requirements for the next 12 months without raising additional capital, or that it will be able to raise that capital.
Tags: close
jobs
american
stores
Gap to close 175 stores and cut 250 jobs
2015-06-16 16:57:00| Daily apparel & textile news and comment - from just-style.com
US clothing retailer Gap Inc is to shutter 175 of its namesake stores in the US and axe 250 head office jobs as it tries to increase profitability and speed decision-making at the struggling brand.
Gap to close 175 stores, cut jobs at headquarters
2015-06-16 04:02:30| Apparel - Topix.net
Apparel retailer Gap Inc said it would close a quarter of Gap specialty stores in North America over the next few years, including 140 this year, potentially affecting thousands of jobs as the company struggles with a slump in sales at its namesake brand. REUTERS: Apparel retailer Gap Inc said it would close a quarter of Gap specialty stores in North America over the next few years, including 140 this year, potentially affecting thousands of jobs as the company struggles with a slump in sales at its namesake brand.
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