American Apparel (APP) Reports Q2 Loss of $0.11/Share
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American Apparel, Inc. Reports Second Quarter 2015 Financial Results
August 17, 2015 5:14 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 second quarter ended June 30, 2015.
Summary
Announced the next phase of its strategic turnaround plan including approximately $30 million in cost-cutting initiatives over the next 18 months. Strengthened the leadership team with hiring of General Manager of Global Retail and President of Wholesale to help execute its global retail and wholesale turnaround strategies. Loss per share in the second quarter 2015 was... More