Thursday, December 18, 2008

AA Layouts

Despite the fact that American Apparel has "posted some of the strongest sales gains among major retail chains in recent months," the LAT reports today that the T-shirt and basics purveyor laid off several hundred employees companywide.

The paper cites the layoffs as a "result of a reduction in the company's expansion plans and a recent $15-million upgrade to its machinery and equipment that boosted worker productivity."