American Apparel Inc. is facing a nine-digit net loss for the year and possible delisting by the NYSE MKT exchange as it struggles to recover from the effects of the difficult phase-in of its new distribution facility.
The Los Angeles-based vertical retailer said late Thursday that it expects adjusted earnings before interest, taxes, depreciation and amortization for the year to hit within $1 million of $8 million, down from $36.6 million in the year ended Dec. 31, 2012. That implies a fourth-quarter EBITDA loss of about $3 million.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)