Last $1.02 USD
Change Today +0.1705 / 20.07%
Volume 14.8M
As of 3:37 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

american apparel inc (APP) Snapshot

Open
$0.88
Previous Close
$0.85
Day High
$1.05
Day Low
$0.86
52 Week High
07/29/13 - $2.09
52 Week Low
03/28/14 - $0.46
Market Cap
177.0M
Average Volume 10 Days
13.2M
EPS TTM
$-0.58
Shares Outstanding
173.5M
EX-Date
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P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AMERICAN APPAREL INC (APP)

american apparel inc (APP) Details

American Apparel, Inc. designs, manufactures, distributes, retails, and sells branded fashion basic apparel products, and clothing and accessories for women, men, children, and babies. It offers T-shirts, denim, sweaters, jackets, and accessories. The company sells its products through the wholesale distribution channel, including supplying T-shirts and other casual wear to distributors and screen printers; direct to customers through its retail stores; and through an online retail e-commerce Website, americanapparel.com. As of February 28, 2014, it operated 246 retail stores in 20 countries comprising the United States, Canada, Mexico, Brazil, the United Kingdom, Ireland, Austria, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, Switzerland, Israel, Australia, Japan, South Korea, and China. American Apparel, Inc. was founded in 1998 and is headquartered in Los Angeles, California.

10,000 Employees
Last Reported Date: 05/12/14
Founded in 1998

american apparel inc (APP) Top Compensated Officers

Interim Chief Executive Officer, Chief Financ...
Total Annual Compensation: $432.6K
Founder and Director
Total Annual Compensation: $832.0K
Chief Manufacturing Officer
Total Annual Compensation: $324.4K
Compensation as of Fiscal Year 2013.

american apparel inc (APP) Key Developments

American Apparel Reaches Deal with Standard General for Loan to Repay Lion Capital

American Apparel (APP) announced that its large investor, Standard General, agreed to provide an emergency loan of between $20 million and $25 million, allowing the retailer to repay a $10 million loan to Lion Capital. Lion Capital filed for repayment of the loan on July 7, 2014 after the company ousted its CEO Dov Charney. Under the preliminary agreement with Standard General, American Apparel has tentatively agreed to pass control of the board to the investor.

American Apparel Reportedly Needs Merger

American Apparel, Inc. (AMEX:APP) may need to find a merger candidate or a retailer to buy it out, reported 24/7 Wall St citing person familiar with the situation. Battles between current creditors could put American Apparel in the untenable position of having several lenders insist that it pay their loans all at the same time. The tug-of-war over control of American Apparel has already gotten violent. Lion Capital LLP has indicated it is ready to take legal measures to ensure that American Apparel makes the payment, pending last-minute negotiations with one of the clothing company’s most important shareholders, the hedge fund Standard General L.P., reported The New York Times citing one person with knowledge of the situation. If these lenders believe that American Apparel is not a prospect for success as a standalone company, they may allow the calls on their loans to push the value of common shares to zero, essentially taking over the company. At that point, they would face having to add new management, and perhaps a new board, to run American Apparel as an independent operation. This would probably involve in infusion of more money, or at least a restructuring of debt to extend payment terms. Or they could seek a healthier partner. There are several places American Apparel could turn for such a marriage. Among them is Abercrombie & Fitch Co. (NYSE:ANF) and Urban Outfitters Inc. (NasdaqGS:URBN). In either case, if the sale is driven by creditors, there is a very good chance common stockholders will get nothing.

American Apparel Denies Sale

American Apparel, Inc. (AMEX:APP) has denied that it is considering a sale of the firm.

 

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APP Competitors

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Industry Analysis

APP

Industry Average

Valuation APP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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