American Apparel is reopening exactly one store, and it's in Los Angeles [Los Angeles Times (CA)]
Gildan Activewear, Inc. Class A Sub. Vot. (GIL)
Last gildan activewear, inc. class a sub. vot. earnings: 4/29 04:15 pm
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Source: Los Angeles Times
American Apparel is reopening exactly one store, and it's in Los Angeles American Apparel is returning to the physical realm. The iconic Los Angeles brand is preparing to open a flagship store in its home city this year, its first foray back into brick-and-mortar shops after all its locations closed following a bankruptcy process. New owner Gildan Activewear Inc., the Montreal company that bought American Apparel but not its physical stores in an auction last year, said the new location will complement e-commerce operations and serve as an incubator to gauge trends. "We're opening one, and that's going to be like a test model store for us, and then we're going to see where that takes us in the future," Gildan Chief Executive Glenn Chamandy said Thursday. "We either could franchise, we could open a couple more, we haven't decided yet." The new store will open in the fourth quarter at a defunct American Apparel location on Melrose Avenue that was once the biggest in California. It will
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