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American Apparel closed all of its stores, a total of 110, in April 2017 after being acquired by Gildan Activewear. 2,400 workers were laid off. [21] [22] American Eagle Outfitters announced that it would close up to 200 to 250 mall-based locations in January 2021 while expanding its subsidiary Aerie significantly. Shares rose for the company ...
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The apparel retailer reported second-quarter earnings and issued soft guidance for the third quarter.
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As of 2007 the company planned to increase its use of organic cotton within the next four years from over 20% to 80%. American Apparel also sells a line of shirts under the "Sustainable" label that are 100% USDA organic cotton. [136] [137] In 2008, American Apparel purchased over 30,000 pounds of organic cotton known as B.A.S.I.C cotton. [138]
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