Monday, June 28, 2010

American Apparel At The Crack Of Downfall

I recently read a couple of published reports saying that American Apparel is not doing so hot business-wise. Weird, things are looking fine from back here.

"The company, known for its signature T-shirts, sexualized ads and controversial chief executive, recently reported that its quarterly operating loss had more than quadrupled from a year earlier, and warned that it risks defaulting on a credit agreement. The news sent its stock price, already trading in the low single digits, tumbling."

Read more here

Picture found at The Life Files but if you ask me, I think it works better on some ill rapper shit.

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