American Apparel Is Laying Off More Employees And Closing Stores

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American Apparel said Monday it plans to lay off workers and shutter stores with weak sales.

The Los Angeles-based company hopes to slash $30 million in operating expenses over the next 18 months. A spokeswoman declined to comment on the number of stores that will close and the number of employees who will receive pink slips.

http://www.huffingtonpost.com/2015/07/06/american-apparel-layoffs_n_7737776.html?ncid=newsltushpmg00000003