American Apparel finally had a quarter where the company's financial results weren't a total disaster. Same-store sales, a key measure of retail health, didn't plummet. They didn't rise, either, but they didn't fall! This is the first time that's happened since the month of January, 2009. And the company, which had a measly $5 million in cash on hand earlier this year when it was forced to seek emergency financing to avoid bankruptcy, actually turned a modest $3.7 million profit. Mazel tov. [BusinessWire]
Kinja is in read-only mode. We are working to restore service.