American Apparel lost $19 million in last quarter
Clothing retailer American Apparel continues to hemmorage cash, reporting losses of $19.4 million last quarter. The company, which has admitted publicly it might not last through the year without bankruptcy, lost $16.2 million during the same period last year. Earnings have also dropped by 17% to $134 million. The lawsuits between former owner Dov Charney and the company have cost American Apparel $3.6 million alone.