American Apparel

Source Abroad Inc., Ingelwood, California, a supplier of promotional merchandise, was ranked No. 2287 on the Inc. 500/5000 list of the fastest-growing private companies in America.

Montreal - Dov Charney, a 41-year-old eccentric Montreal native, built into a global retail powerhouse in seven short years while taking substantial heat for his loose hiring policies, risqué ads and alleged sexual harassment of former employees. Now, with regulators breathing down his neck, lenders shying away and the chain warning it might not have enough available cash to keep operating another year, Mr. Charney could be forced to relinquish control of the company he built from the footless plush pantyhose up. “Dov Charney is at the moment of truth,” said Howard Davidowitz, chairman of Davidowitz & Associates Inc.,

I have to say this week's news highlighting the trials and tribulations facing American Apparel have been painful for me. 

Shares of American Apparel plummeted another 21% Wednesday, on top of a comparable drop the previous day, as the casual clothing chain said accounting troubles that have put it on the brink of closing have led to investigations.

US fashion retailer American Apparel has received a federal subpoena and is also under investigation by the Securities and Exchange Commission relating to the circumstances of its change in auditors.

Casual clothing chain American Apparel, suffering a steep sales slump and manufacturing problems, warned Tuesday that it might default on loans and not be able to stay in business.

The Los Angeles retailer's stock fell 14% Thursday after a company filing said Deloitte & Touche had resigned as its independent public accounting firm.

2010 Rank 2009 Rank Company 2009 Revenue 2008 Revenue Employees Locations Principal City, State 1 1 Broder Bros. $688,000,000 $903,000,000 - 19 Tom Myers, CEO Trevose, PA 2 2 Ennis $584,029,000 $610,610,000 5,200 40 Keith Walters, chairman/CEO Midlothian, TX 3 4/7 Norwood & BIC $410,000,000 n/a 2,300 7 Quenten Wentworth, Clearwater, FL Graphic North America…

Los Angeles-based American Apparel Inc., a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced that it received a letter from the NYSE Amex LLC (the "Exchange") that the Exchange accepted the company's previously submitted plan of compliance and, pursuant to such plan, has granted the company an extension until August 16, 2010 to regain compliance with its continued listing standards.

On June 14, Los Angeles-based clothing manufacturer American Apparel issued a statement in response to allegations by Gawker.com that it hires retail employees based on their physical attractiveness. American Apparel's response is directly reproduced below:

"A Statement about Hiring from American Apparel

In light of recent erroneous online coverage of American Apparel's hiring and retention policies we are issuing this brief statement to clarify:

American Apparel does not hire or retain applicants based on 'beauty.' Our main priority is finding people with a strong sense of style who can inspire customers as they make selections from our extensive line.