American Apparel Inc. surprised Wall Street with a fourth-quarter profit late Monday, and investors returned the favor with a double-digit spike in the company’s shares in after-hours trading.
The embattled Los Angeles-based vertical retailer also provided strong guidance for the new year and laid out longer-term goals, including the addition in the next three to five years of between 60 and 70 stores to its current fleet of 251 and a boost in e-commerce to 17 percent of its non-wholesale revenues from last year’s level of 12.4 percent, or $55 million.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)