All tag results for 'loss'

Boooo Jessica Simpson!!!

Heidi Klum has revealed who is to blame for Mondo Guerra's loss on the eighth season of Project Runway.

That's right, we all can blame flip-flopper Miz Simpson for giving Mondo's rightfully deserved title to granola Gretchen Jones.

Heidi dropped the bomb during

Tags: blame, heidi klum, jessica simpson, judges, loser, loss, michael kors, mondo guerra, nina garcia, project runway, tim gunn, winner

Joe's Jeans reported a $2 million net loss in the 3rd quarter ending August 31st.

Sales were down more than 5%, but they're blaming that mostly on inventory writedown.

Despite the bad news, Joe's CEO Marc Crossman says their fall collection sales are "outpacing stock levels and generated numerous reorders in our fourth quarter".

For their sake, we hope it lasts.

Tags: joes jeans, loss, marc crossman, sales decrease, third quarter

Will there ever be good news for American Apparel?

The troubled clothing company submitted their 3rd quarter results to the SEC on Tuesday, and just like the quarter before they posted a loss.

AA reported net sales were down $9.5 million between the months of July and September due to increased production costs.

OK, whatever you say Dov.

[Image via AP Images.]

Tags: 2nd quarter, 3rd quarter, decrease sales, loss, securities and exchange commission

Took 'em long enough!

After months of delays, American Apparel handed over their not so shocking second-quarter results to the SEC on Monday.

According to the report, AA had a loss of $14.7 million and "may not have sufficient liquidity necessary to sustain operations for the next 12 months."

Ouch.

The report goes on to say it's "probable that beginning Jan. 31, 2011, the company will not be in compliance with the minimum consolidated EBIT covenant…".

In other words, American Apparel doesn't think they'll earn the $20 million they said they would in their newest agreement with Lion Capital.

Double ouch!

Dov Charney & Co are working to make amendments so they'll remain in compliance, however there's "substantial doubt that the company will be able to continue as a going concern."

Yikes.

Better stock up on your generic clothes now!

[Image via AP Images.]

Tags: agreement, bankruptcy, lion capital, loss, second quarter, securities and exchange commission