love is an understatement....
After delaying second-quarter filings repeatedly for so long that the stock exchange threatened to delist the company, American Apparel finally turned in second-quarter results! And the numbers went probably the way everyone expected them to go: down. In this critical and practically storied filing, American Apparel also reiterated how fearful they are of completely tanking.
In the second quarter, ending June 30, losses totaled $14.7 million, while sales fell 2.4 percent. Last year in the same period, American Apparel reported an income (ah, memories!) of $4.5 million. For the first six months of the year, losses totaled $57.5 million as opposed to $6.1 million last year. Sales for the last six months, however, are up 1.7 percent.
Operating costs are killing the company, which appointed former Blockbuster CFO Tom Casey acting president last month. Their debt situation is such a mess that after multiple amendments to agreements with multiple creditors to allow them more time to pay back loans or borrow more money from other people to pay back loans, American Apparel still might not be able to meet obligations to all the people they've borrowed from
How amazing and YUMMY does that cake look? Almost too pretty to eat! Right!? Look at these fabulous fashion cakes...makes my fondant work look awful.
Every woman knows that shopping has a relaxing effect, and this is exactly why I love it so much. However, you might want to know a few more interesting facts about shopping.
Interesting fact about shopping #1. Women that shop for clothing feel better that those who buy kitchenware and domestic goods.
Interesting fact about shopping #2. Women who do shopping for over 17 hours a week and spend over $200 are slimmer and healthier than those who spend less time in stores and spend less money.
Interesting fact about shopping #3. Women think about shopping as often as men think about sex. 74 per cent of women admit they think about shopping every minute, i.e. 950 times a day! Two of five women claimed they are shoe and bag addicts.
Interesting fact about shopping #4. Women-shopaholics have fewer wrinkles and feel much younger than those who dislike shopping.
Interesting fact about shopping #5. Majority of women who love shopping are more confident and less often suffer from depression.
Interesting fact about shopping #6. Women that do shopping a few times a week are usually in a better mood than ladies who use only weekends for buying things.
Interesting fact about shopping #7. During a lifetime a woman spends 25 184 hours 53 minutes for shopping.
Interesting fact about shopping #8. For examining shop windows a woman spends around 48 hours 51 minutes a year!
Interesting fact about shopping #9. Women spend more money for clothing for vacation that for vacation itself.
Interesting fact about shopping #10. Jeans, t-shirts and women’s tops are the best-selling items.
Kate Moss must have mixed feelings about the launch of her last collection for Topshop. On the one hand, she might be feeling upset because she won’t create any more ranges for the high-street store. On the other hand, she can be really happy to get rid of this job and finally focus her attention on something different. Kate has been working for Topshop for four years and designed 14 collections, majority of which were incredibly successful and flew away from shelves pretty fast. Now, when her era is over, Kate can look back with satisfaction. She has done what she could and even more.