American Apparel Says It May Go Bankrupt In Next Year
The Los Angeles-based company's filing with the U.S. Securities and Exchange Commission, combined with a gloomy earnings report, signaled rocky times ahead for the clothing retailer.
Estimated second-quarter net sales of about $132 million marked a decrease from 2009 second-quarter sales of $136.1 million, the company said Tuesday. American Apparel suffered an...
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