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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"