By  on November 10, 2010

American Apparel Inc. on Tuesday posted a third-quarter loss, but said the company is working with its primary lender to put the business back on track.

For the three months ended Sept. 30, the net loss was $9.5 million, or 13 cents a diluted share, versus net income of $4.2 million, or 5 cents, a year ago. Sales fell 10.5 percent, to $134.5 million from $150.3 million, and dropped 16 percent on a comparable-store basis.

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