Los Angeles-based retailer American Apparel Inc. warned that it could seek Chapter 11 bankruptcy protection, or even be forced to liquidate under Chapter 7, as its financial woes deepen. Get the full story »
Inside these posts: Clothing retailer
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Clothing prices to rise 10% starting in spring
Shoppers on Chicago's Michigan Avenue in December of 2010. (Zbigniew Bzdak/Chicago Tribune)
Clothing prices are expected to rise about 10 percent in coming months, with the biggest increases coming in the second half of the year, said Burt Flickinger III, president of Strategic Resource Group.
Clothing prices have dropped for a decade as tame inflation and cheap overseas labor helped hold down costs. Retailers and clothing makers cut frills and experimented with fabric blends to cut prices during the recession.
But as the world economy recovers and demand for goods rises, a surge in labor and raw materials costs is squeezing retailers and manufacturers who have run out of ways to pare costs. Get the full story »
Shareholder sues to block J. Crew buyout
Bloomberg News | A J. Crew shareholder has sued the retailer and TPG Capital over a $3 billion plan to take the clothier private.
