American Apparel Inc. plans an unspecified number of store closures and layoffs as part of a $30 million cost-cutting initiative and said it may need to raise more funds as it aims to return to profitability while fighting legal battles with its former chief executive. The Los Angeles-based retailer and clothing manufacturer said the moves are part of the next phase of its strategic turnaround plan, which also include a redesigned fall merchandise line and key additions to its leadership team. American…Morning Edition RSS Feed via http://www.bizjournals.com/memphis/blog/morning_call/2015/07/american-apparel-plans-store-closures-layoffs.html?ana=RSS&s=article_search
http://memphissmbmedia.blogspot.com/2015/07/american-apparel-plans-store-closures.html from Memphis SMB Media
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