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ABOUT THIS BLOG
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It's a make-it or break it time for retailers. The holiday selling season is always a critical time for retailers, but this year this may be even more true. With several retailers already falling victim to a drop in consumer spending, and filing for bankruptcy, retailers will be navigating through some tricky waters. Consumers are strapped for cash due to high energy and food prices, and unemployment is rising. The recent credit crunch has made it more challenging for retailers and consumers to borrow.
This blog will look at the winners and losers in the retail space. Who has the right strategy to capture consumer dollars? It also will look for trends in consumer spending and how that will impact the economy.
This blog will look at the winners and losers in the retail space. Who has the right strategy to capture consumer dollars? It also will look for trends in consumer spending and how that will impact the economy.
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Mar.06
10:04 AM ET
Thursday, 6 Mar 2008
American Apparel's Dov Charney: An Update
Posted By:Margaret Brennan
Topics:Lawsuits | Laws and Legislation | Print Media | Consumers | Retail Sales
Sectors:Personal and Household Goods | Media | Retail
I've received so many emails from readers who are interested in following up on how American Apparel is doing and asking for details of CEO Dov Charney's sex harassment trial.
The quick update is that Charney's attorney won an appeal. Now the case is back in arbitration. It could be there for as long as a year. We'll keep you posted.
A side note: We're told that the retailer/manufacturer has consistently posted blowout comps of late.
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