Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

American Apparel to axe jobs and stores

Troubled US retailer American Apparel is to close underperforming stores and cut jobs in order to make savings of $30m (£19.4m) over the next 18 months.

The retailer, which is embroiled in an ongoing legal battle with its founder and former chief executive Dov Charney, warned there was no guarantee it would have sufficient funds to continue for more than 12 months unless it raises extra capital.

Chief executive Paula Schneider said: “We are committed to turning this company around. [These] announcements are necessary steps to help American Apparel adapt to headwinds in the retail industry, preserve jobs for the overwhelming majority of our 10,000 employees, and return the business to long-term profitability.”

It is not yet known if any of its stores in the UK will be affected.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.