American Apparel (APP) Posts Q1 Loss of 15c/Share
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American Apparel, Inc. Reports First Quarter 2015 Financial Results
May 11, 2015 5:19 PM EDTLOS ANGELES--(BUSINESS WIRE)-- American Apparel, Inc. (the "Company") (NYSE MKT: APP), a vertically-integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced financial results for its first quarter ended March 31, 2015.
Highlights
Initial phase of strategic turnaround under way, and includes key initiatives in the areas of product development, e-commerce, retail store productivity, wholesale optimization, speed to market, cost cutting, brand building and infrastructure Program to clear excess and slow-moving inventory implemented as part of managements strategic shift to change the profile of... More