American Apparel Unraveling
American Apparel, the paradoxical clothing firm that weaves together good labor practices with ridiculous acts of misogyny, is hanging by the proverbial economic thread as its stock plunges to an all-time low and industry experts begin to seriously doubt the company's future.
American Apparel, the paradoxical clothing firm that weaves together good labor practices with ridiculous acts of misogyny, is hanging by the proverbial economic thread as its stock plunges to an all-time low and industry experts begin to seriously doubt the company’s future. –JCL
TRUTHDIG’S JOURNALISM REMAINS CLEARLos Angeles Times:
A day after American Apparel Inc. admitted that its future hangs by a thread, the hipster Los Angeles clothing maker and retailer was scrambling to overhaul operations, bolster sales and repair its faltering image.
After warning this week that there was “substantial doubt that the company will be able to continue as a going concern,” the company saw its stock fall 21.3% on Wednesday, ending at an all-time low of 81 cents. That was on the heels of a 26% plunge the day before.
In recent months, the troubled company has been beset by sales declines, losses, a crackdown on undocumented workers, problems with its debt, delayed quarterly filings and, most recently, an investigation by the U.S. attorney’s office in New York related to the company’s abrupt change in accounting firms.
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Somewhere over the course of this utterly peculiar political year, there have been glimmers of a sea change in American sexual politics.
There was a time, around a decade ago, when American Apparel's brand seemed to be enhanced, at least on the business side, by the pervy sensibility of its founder and charismatic leader, Dov Charney. Those days have apparently passed.
With public figures such as actress Cameron Diaz standing up for pubic hair, and American Apparel adding tufts beneath its mannequins' underwear, scholar and Guardian writer Emer O'Toole proclaims this will be "the year of the bush."
Troubled clothing maker American Apparel -- its racy ads and its CEO under fire -- has announced that it may be forced to file for bankruptcy.
We've always been a little skeeved out by the American Apparel phenomenon, what with the eco-conscious, "sweatshop free," hipster-friendly company's glaring omission of any sense of enlightened politics when it comes to (continued).
The immigration raids of the Bush years that have carried over into the Obama administration may be changing. The era of federal agents busting into shops and rounding up undocumented workers for deportation is being replaced by a new effort to use fines and civil sanctions, making employers responsible, rather than the workers themselves.
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