Fashion
American Apparel To Close Stores and Lay Off Workers
No word on how many shops will be shuttered or the number of jobs in peril
American Apparel to Lay Off Workers, Close Stores
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American Apparel announced on Monday that it will close stores and lay off employees as it tries to cut costs and turn around its fortunes following a turbulent era.
The cuts will save a total of $30 million, the company said, though it did not say how many shops or jobs will be affected. American Apparel has a fleet of 239 retail locations and a total workforce of around 10,000.