American Apparel {bye bye}

American Apparel bids farewell from Hoboken {now for rent}

The American Apparel retail location at 80 Hudson Street is currently looking for tenants to lease the space.

The “Made in the USA” brand has been having all sorts of issues (see below for some troubles back in 2010), and has been closing some “underperforming stores” as part of their Chapter 11 reorganization. Guess their new female CEO didn’t help much.

Here’s a really fancy Real Estate video showing the space for rent. Makes Hoboken look like a utopia.

Interested? Call Ripco Real Estate at 201-777-2300 for the details. Apparently the next tenant can take possession of the space within 90 days!

American Apparel Hoboken NJ for rent

Is American Apparel Doomed?

6/28/2010 Update:

Looks like clothing company and Hoboken business American Apparel might be in a little trouble. I always found it odd that Founder Dov Charney touted “no sweat shops,” but was a proponent of those immigrants who entered the country illegally. Perhaps that’s why they’re having issues these days?

“The company, known for its signature T-shirts, sexualized ads and controversial chief executive, recently reported that its quarterly operating loss had more than quadrupled from a year earlier, and warned that it risks defaulting on a credit agreement. The news sent its stock price, already trading in the low single digits, tumbling.

American Apparel is now scrambling to work out a deal with a major lender, Lion Capital, which also owns an approximately 18 percent stake in the company. The company has warned that by the end of June it likely won’t be able to meet the debt-to-earnings ratio that is required under its agreement with Lion Capital.

Even if the clothing company is able to resolve that crisis, production problems at its factories, which are contributing to its poor financial results, could take months to work out, the company has conceded. The Los Angeles-based company also has warned that it risks having its stock delisted from the Amex because it has repeatedly been tardy with its financial filings.

“American Apparel is unique because they’re on the cusp of a total collapse,” said Howard Davidowitz, chairman of the retail consulting and investment banking firm Davidowitz & Associates. “You don’t have many people out there breaching their loan covenants. They are not a going-forward company until they can resolve the financial issues.”

American Apparel has conceded that it made mistakes and said it’s unclear what the future holds. Dov Charney, the company’s flamboyant founder and chief executive, has said that the company is continuing to operate despite concerns about its debt.”

You can see the rest of the story here.

American Apparel: Hoboken, NJ

9/1/2006:

Description: Apparel Store
Services: Sell stuff. Some people feel it is cheap. We don’t know, never shopped there.
Address: 80 Hudson St. Hoboken, NJ 07030
Phone: (201) 656-4441
Web: http://www.americanapparel.net

american-apparel.JPG

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19 Comments on "American Apparel {bye bye}"

ferguson
Member
ferguson

Never caught on with me.

Hobie1
Member
Hobie1

Today’s groupon is $25 for $50 worth of merchandise.

http://www.groupon.com/r/uu4965360

Anyone shop here? I’ve never been. What could I get for $50? From the reviews above it sounds pricey but the reviews are several years old. Thanks for any input!

Easy-E
Member

The CEo Dov Charney is a scumbag. Do a little online search and you’ll see what I mean.

http://www.inthesetimes.com/article/2270/wolf_in_sheep_clothing/

“The views he publicly expresses about women are equally dicey. In a Jane magazine article, Charney suggested that women who complain about come-ons at work are suffering from a “victim culture.”

“Out of a thousand sexual harassment claims, how many do you think are exploitative?” Charney asked, before opining, “women initiate most domestic violence.” ”

gawker.com/5323472/we-predict-more-lawsuits-in-dov-charneys-future

On top of it, their product is crap.

HansBrix
Member
HansBrix

And Charles Nelson Reilly wants his eyeglasses back. [quote comment=”194041″]The CEo Dov Charney is a scumbag. Do a little online search and you’ll see what I mean.“The views he publicly expresses about women are equally dicey. In a Jane magazine article, Charney suggested that women who complain about come-ons at work are suffering from a “victim culture.”“Out of a thousand sexual harassment claims, how many do you think are exploitative?” Charney asked, before opining, “women initiate most domestic violence.” “On top of it, their product is crap.[/quote]

homeworld
Member

Support America by shopping here. Or you can support China by going to Walmart.

homeworld
Member

their bank vaults are cool at least

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