American Apparel's Bankruptcy Buys It Time, but Not Much Else

What the company needs to do to turn itself around.

American Apparel Files for Bankruptcy, Hopes to Survive

American Apparel bought itself time and relief when it filed for bankruptcy protection on Monday, but there's still a long way to go if the struggling retailer is to pull itself out of a sales rut and win back shoppers.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.