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Outlook for U.S. apparel and footwear industry is weaker as dollar strength dents earnings: Moody's

2015-10-05 16:58:09| Footwear - Topix.net

The outlook for the U.S. apparel and footwear industry has deteriorated thanks to the strong dollar, which is denting earnings and sales, Moody's Investors Service said Monday. "While the hedges taken this year will partially protect margins, the strong US dollar will continue to have negative foreign currency translation effects on the industry's gross profits for the rest of this year," Scott Tuhy, a Moody's senior credit officer said in a statement.

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Stock futures climbing; American Apparel files for bankruptcy; Dorsey named permanent Twitter CEO: A.M. Business News Links

2015-10-05 15:53:39| Apparel - Topix.net

In this Wednesday, July 9, 2014, file photo, passers-by walk in front of the American Apparel store in the Shadyside neighborhood of Pittsburgh. American Apparel said Monday, Oct. 5, 2015, it is filing for Chapter 11 bankruptcy protection.

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American Apparel files for bankruptcy protection

2015-10-05 14:50:33| Apparel - Topix.net

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American Apparel files for bankruptcy protection

2015-10-05 12:18:00| Daily apparel & textile news and comment - from just-style.com

US fashion retailer American Apparel has filed for Chapter 11 bankruptcy protection, crippled by US$311m of debt, falling sales, and a number of corporate lawsuits.

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American Apparel files for bankruptcy

2015-10-05 08:40:42| BBC News | Business | UK Edition

Troubled clothes retailer American Apparel has filed for US bankruptcy protection.

Tags: american files apparel bankruptcy

 

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