AA Loss Aggravated Before CEO Dov Charney Was Investigated

US apparel retailer American Apparel Inc. recently released its four quarter and year-round results. The group lost 0.16 US dollars in the fourth quarter, which is far worse than analysts' expected loss of 0.02 US dollars, which is better than the US $0.19 loss per share over the same period last year. However, in the current financial year, American's Apparel increased substantially, and the actual loss in the fourth quarter was 27 million 962 thousand US dollars, which is further aggravated compared with 20 million 770 thousand in the same period last year.

In the past two years, American Apparel has fallen into the whirlpool of performance retrogression and management struggle. The stock has fallen by 70% in the past two years.

According to the company's statement on Wednesday, SEC and the US Securities and Exchange Commission ordered an investigation into the company's founder and former CEO Dov Charney.

In June 2014, Dov Charney was expelled from the current board of directors and internal investigation. According to the internal documents revealed by American Apparel, the survey included sexual harassment against employees and private use of public funds.

In the end, Dov Charney was formally dismissed in December last year, and the board of directors of the company was also reorganized. Advertising has always been suspected of pornographic American Apparel.

At present, the chairman and CEO roles are respectively

and

However, Dov Charney still tries to take back the company through private equity fund, and the company has repeatedly launched the poison pill plan to deal with Dov Charney.

In the fourth quarter of 31 fiscal year ended December 2014, American Apparel recorded a revenue of $153 million 500 thousand, which was also lower than analysts' expectations of $167 million, down 9.2% from 169 million 100 thousand US dollars in the same period last year.

In the same period last year, $79 million 507 thousand dropped to $72 million 235 thousand, but gross margin rose to 55.2%, compared with 47.5%. in the same period last year.

In the 2014 fiscal year, American Apparel revenue decreased by 4% from 633 million 900 thousand US dollars in the same period last year to 608 million 900 thousand US dollars. Net loss was 106 million 300 thousand US dollars in the same period last year or the loss per share was 0.96 US dollars narrowed to 68 million 817 thousand US dollars or a loss of 0.43 US dollars per share.

On Wednesday, the closing price of American Apparel was $0.701, or 1.27%.

Related links:

British fashion brand Superdry SuperGroup PLC (SGP.L), the extremely dry parent company, updated its group strategy yesterday and plans to distribute dividends from the 2016 fiscal year at the same time of recycling the right to operate in the North American market.

SuperGroup PLC reclaimed the right of operation of the US, Canada and Mexico to the US authorized partner SDUSA LLC at the cost of 22 million 300 thousand pounds, and terminated the partnership from 2008 to 30 years earlier.

SuperGroup PLC will get Superdry's extreme dry brand sales rights, inventory in North America, and existing 15 store rental contracts.

Previously, the group has implemented similar strategies in Scandinavia, Spain and Germany to directly control and coordinate the global development of Superdry's extremely dry brand, so as to establish long-term value of group business.

North American business recorded a loss of 5 million 100 thousand in the year ended December 31, 2014. The Group expects to reduce its operating losses in 2016 fiscal year by half, and make profits in the 2017 fiscal year.

In terms of dividends, the group said the board recommended a gradual dividend strategy to distribute the first dividend since the first half of 2010 in the first half of fiscal year 2016.

Stifel Nicolaus analysts said SuperGroup PLC began to pay dividends, showing group management's confidence in the Superdry brand and earnings growth, and also a positive signal for group capital constraints.

News stimulated SuperGroup PLC (SGP.L) increased by 9.6% to 1023 pence on Thursday, and reported 991.67 pence a day, narrowing to 6.23%.

The stock has plunged more than 41% in the past 12 months.

In addition, in order to practice the strategy of creating a global lifestyle brand, SuperGroup PLC will launch a high-end clothing series with the British star actor Idris Elba, which will be launched worldwide this fall.

Finally, in the past half a year, SuperGroup PLC announced the appointment of Penny Coca-Cola Hughes, President of the UK and Ireland, as an independent non-executive director.

Penny Hughes has also been a non-executive director of many multinational companies such as The Gap Inc. (NYSE:GPS), Next Group PLC (NXT.L), The The, Inc., and so on.

In October last year, the group suddenly announced the departure of the founder and CEO Julian Dunkerton, and appointed Co-operative Group CEO Euan Sutherland as CEO.

In February of this year, Susanne Given, the group's chief operating officer, resigned immediately because of personal reasons. Later, the chief financial officer, Shaun Wills, stepped down as a result of personal bankruptcy.

SuperGroup PLC maintains a 60 million Euro euro -6500 pre tax profit forecast for the whole year.

In the first half of fiscal year ending October 2014, SuperGroup PLC adjusted its operating profit by 31.6%, down from 17 million 700 thousand pounds in the previous year to 12 million 100 thousand pounds.

SuperGroup revenue rose 8.4% to 208 million 200 thousand pounds, of which retail revenue rose 12.5% to 131 million 600 thousand pounds; wholesale income rose 2% to 76 million 600 thousand pounds.

Gross margin rose 220 basis points to 59%.