<p style="text-align: left;">For its Super Bowl debut, <keyword id="1777665" type="UNKNOWN" weightage="60" keywordseo="Gildan">Gildan</keyword> — a major player in the wholesale T-shirt world — is pushing the limit.</p>
<p style="text-align: left;">A trailer, called "Getaway," stars a lipstick smeared dude who wakes up wearing furry leopard handcuffs in a strange, pink feather boa filled room.</p>
<p style="text-align: left;">The actual spot will be about the length the guy will go to in order to get back his favorite shirt he left behind.</p>
<p style="text-align: left;">DeVito/Verdi, also making its Super Bowl debut, made the ad. Watch the teaser below:</p>
<p><iframe width="590" height="332" frameborder="0" src="http://www.youtube.com/embed/_KIKjcMTKPk"></iframe></p>

This Company's Super Bowl Ad Will Star A Dude In Furry Leopard Handcuffs

US short-seller <keyword id="20016892" type="General" weightage="20" keywordseo="Hindenburg-Research" source="keywords" meta.keywordsubtype="org" meta.entityname="Hindenburg Research" meta.hostid="153" meta.entityid="Hindenburg Research">Hindenburg Research</keyword> has alleged that it suspects <keyword id="19901201" type="General" weightage="20" keywordseo="Sebi" source="keywords" meta.keywordsubtype="org" meta.entityname="Sebi" meta.hostid="153" meta.entityid="Sebi">SEBI</keyword>'s unwillingness to act against <keyword id="19955648" type="General" weightage="20" keywordseo="Adani-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Group" meta.hostid="153" meta.entityid="Adani Group">Adani Group</keyword> may be because of its head Madhabi Puri Buch had stakes in <keyword id="20311680" type="General" weightage="20" keywordseo="offshore-funds" source="keywords">offshore funds</keyword> linked to the conglomerate - an allegation that the SEBI head called "baseless" and an attempt of "character assassination". Hindenburg alleged that Buch and her husband had undisclosed investments in <keyword id="22746661" type="General" weightage="20" keywordseo="obscure-offshore" source="keywords">obscure offshore</keyword> funds in Bermuda and Mauritius, the same entities allegedly used by <keyword id="20283220" type="General" weightage="20" keywordseo="Vinod-Adani" source="keywords">Vinod Adani</keyword> - the elder brother of group chairman Gautam Adani - to round-trip funds and inflate stock prices. <br /><br /> SEBI in October 2020 began a probe into the shareholding structure of Adani Group companies after red flags were raised over high concentration of foreign holdings in the conglomerate's listed companies. Investigation was launched to determine if the foreign investors are genuine public shareholders or acting as fronts for the promoters. <br /><br /> SEBI last year had told a Supreme Court-appointed panel that it was investigating 13 opaque offshore entities that held between 14 per cent and 20 per cent across five publicly traded stocks of the conglomerate. It hasn't stated if the two incomplete probes have since been completed, something which Hindenburg used to attack the market regulator. <br /><br /> Madhabi and her husband Dhaval Buch in a joint statement strongly denied the "baseless allegations and insinuations made in the report". <br /><br /> The same, they said, "are devoid of any truth". <br /><br /> "Our life and finances are an open book," they said. "It is unfortunate that Hindenburg Research against whom SEBI has taken an enforcement action and issued a show cause notice has chosen to attempt character assassination in response to the same." <br /><br /> While the statement did not talk on the questions Hindenburg raised over SEBI probe, the duo promised to come out with a detailed response. <br /><br /> Hindenburg on Saturday stated that the Madhabi and her husband invested in offshore entities that were allegedly part of a fund structure managed by India Infoline and in which Vinod Adani also had investments. <br /><br /> These investments reportedly date back to 2015, well before her appointment as a whole-time member of SEBI in 2017 and the subsequent elevation as chairperson in March 2022. <br /><br /> It said Bermuda-based Global Opportunities Fund, which allegedly was used by entities connected to Adani Group to trade in shares of group companies, had sub-funds. Buch and her husband were investors in one of these sub-funds in 2015. <br /><br /> Citing "whistleblower documents", Hindenburg said, "<keyword id="22743118" type="General" weightage="20" keywordseo="Madhabi-Buch" source="keywords">Madhabi Buch</keyword>, the current chairperson of SEBI, and her husband had stakes in both obscure offshore funds used in the Adani <keyword id="22743230" type="General" weightage="20" keywordseo="money-siphoning" source="keywords">money siphoning</keyword> scandal." <br /><br /> SEBI, it claimed, has "shown a surprising lack of interest in Adani's alleged undisclosed web of Mauritius and offshore shell entities." <br /><br /> The Buchs may have first opened their account with IPE Plus Fund 1 on June 5, 2015 in Singapore. IPE fund is a small offshore Mauritius fund set up by Vinod Adani through India Infoline (IIFL), a wealth management firm with ties to the Wirecard embezzlement scandal. <br /><br /> "Vinod...used this structure to invest in Indian markets with funds allegedly siphoned from over invoicing of power equipment to Adani Group," claimed Hindenburg. <br /><br /> Latching on to the Hindenburg allegations, Congress said the revelations only reinforced its demand for setting up a "joint parliamentary committee to investigate the full scope of the Adani mega scam" while the Trinamool Congress said the SEBI chairperson must resign.<br /><br /> In January last year, Hindenburg accused Adani Group of pulling "the largest con in corporate history" by using a web of companies in tax havens to inflate its revenue and manipulate stock prices, even as debt piled up.<br /><br /> After the Hindenburg report, the SC asked SEBI to complete its investigation and set up a separate expert panel to look into regulatory lapses. The panel did not give any adverse report on Adani and the apex court too stated that no other probe other than one being done by SEBI was required. <br /><br /> On June 26 this year, SEBI in a show cause notice charged Hindenburg of "deliberately sensationalising and distorting certain facts" as well as working with a New York hedge fund to make its bet. <br /><br /> Hindenburg had responded to that saying it made just USD 4.1 million from its declared positions on Adani stocks and criticised the regulator for not focusing its investigation into the January 2023 report "providing evidence" of the group creating "a vast network of offshore shell entities" and moving billions of dollars "surreptitiously" into and out of Adani public and private entities. <br /><br /> Gautam Adani, who was the world's third-richest man before Hindenburg, in an epic comeback strategy raised USD 15 billion in equity and debt, sold some assets, repaid loans that was raised pledging shares, reined in expenses and refocused energies on core business. <br /><br /> Adani is now ranked 12th richest in the world. The group has also made some acquisitions, buying cement company Sanghi Industries and the news agency IANS. <br /><br /> Hindenburg on Saturday alleged that just weeks before Buch's appointment to SEBI, her husband requested the transfer of their investments into his sole control, potentially to avoid any scrutiny related to her new regulatory role. <br /><br /> The couple's investments were reportedly funnelled through a complex, multi-layered offshore structure, raising questions about their legitimacy and purpose. <br /><br /> On March 22, 2017, just weeks ahead of Buch's appointment as SEBI whole-time member, Dhaval wrote to Mauritius fund administrator Trident Trust. That communication was regarding his and his wife's investment in the Global Dynamic Opportunities Fund (GDOF), the US firm alleged. <br /><br /> "In the letter, Dhaval requested to "be the sole person authorised to operate the Accounts", seemingly moving the assets out of his wife's name ahead of the politically sensitive appointment," Hindenburg alleged. <br /><br /> Dhaval is a senior advisor at Blackstone and at Alvarez &amp; Marsal. He also serves as a non-executive director on the Board of Gildan.

After Adani, Hindenburg targets SEBI chief, she calls allegations baseless, character assassination

US short-seller <keyword id="20016892" type="General" weightage="20" keywordseo="Hindenburg-Research" source="keywords" meta.keywordsubtype="org" meta.entityname="Hindenburg Research" meta.hostid="153" meta.entityid="Hindenburg Research">Hindenburg Research</keyword> alleged that it suspects <keyword id="19901201" type="General" weightage="20" keywordseo="Sebi" source="keywords" meta.keywordsubtype="org" meta.entityname="Sebi" meta.hostid="153" meta.entityid="Sebi">SEBI</keyword>'s unwillingness to act against <keyword id="19955648" type="General" weightage="20" keywordseo="Adani-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Group" meta.hostid="153" meta.entityid="Adani Group">Adani group</keyword> may be because its head Madhabi Puri Buch had stakes in <keyword id="20311680" type="General" weightage="20" keywordseo="offshore-funds" source="keywords">offshore funds</keyword> linked to the conglomerate - an allegation slammed by the SEBI head as "baseless" while Adani group said it never had any commercial relations with Buch. <br /><br /> Hindenburg alleged that Buch and her husband had undisclosed investments in obscure offshore funds in Bermuda and Mauritius, the same entities allegedly used by <keyword id="20283220" type="General" weightage="20" keywordseo="Vinod-Adani" source="keywords">Vinod Adani</keyword> - the elder brother of group chairman Gautam Adani - to round-trip funds and inflate stock prices. <br /><br /> SEBI, in October 2020, began a probe into the shareholding structure of Adani group companies after red flags were raised over the high concentration of foreign holdings in the conglomerate's listed companies. An investigation was launched to determine if the foreign investors were genuine public shareholders or acting as fronts for the promoters. <br /><br /> SEBI, last year had told a Supreme Court-appointed panel that it was investigating 13 opaque offshore entities that held between 14-20% across five publicly traded stocks of the conglomerate. It hasn't stated if the two probes have since been completed, something which Hindenburg used to attack the market regulator. <br /><br /> Madhabi Puri Buch and her husband Dhaval Buch in a joint statement strongly denied the "baseless allegations and insinuations made in the report". The same, they said, "are devoid of any truth". <br /><br /> "Our life and finances are an open book," they said. "It is unfortunate that Hindenburg Research against whom SEBI has taken an enforcement action and issued a show cause notice, has chosen to attempt character assassination in response to the same." <br /><br /> Buchs further said they have no hesitation in disclosing any financial documents, including those that relate to the period when we were strictly private citizens, to any and every authority that may seek them. <br /><br /> While the statement did not talk about the questions Hindenburg raised over SEBI probe, the duo promised to come out with a detailed response. <br /><br /> Separately, Adani group in a regulatory filing called the allegations by Hindenburg as "malicious, mischievous and manipulative selections of publicly available information to arrive at predetermined conclusions for personal profiteering with wanton disregard for facts and the law." <br /><br /> "The Adani Group has absolutely no commercial relationship with the individuals or matters mentioned in this calculated deliberate effort to malign our standing," it said. "We remain steadfastly committed to transparency and compliance with all legal and regulatory requirements". <br /><br /> Rejecting the allegations, it said they were nothing but a "recycling of discredited claims that have been thoroughly investigated, proven to be baseless, and already dismissed by the Supreme Court in March 2023." <br /><br /> "It is reiterated that our overseas holding structure is fully transparent, with all relevant details disclosed regularly in numerous public documents," Adani group said, adding Anil Ahuja was a nominee director of 3i investment fund in Adani Power (2007-2008) and, later, a director of Adani Enterprises until 2017. <br /><br /> "For a discredited short-seller under the scanner for several violations of Indian securities laws, Hindenburg's allegations are no more than red herrings thrown by a desperate entity with total contempt for Indian laws," it added. <br /><br /> Hindenburg on Saturday stated that the SEBI chairperson and her husband invested in offshore entities that were allegedly part of a fund structure managed by India Infoline, and in which Vinod Adani also had investments. <br /><br /> These investments reportedly date back to 2015, well before her appointment as a full-time member of SEBI in 2017 and the subsequent elevation as chairperson in March 2022. <br /><br /> It said the Bermuda-based Global Opportunities Fund, which allegedly was used by entities connected to Adani Group to trade in shares of group companies, had sub-funds. Buch and her husband were investors in one of these sub-funds in 2015. <br /><br /> Citing "whistleblower documents", Hindenburg said, "<keyword id="22743118" type="General" weightage="20" keywordseo="Madhabi-Buch" source="keywords">Madhabi Buch</keyword>, the current chairperson of SEBI, and her husband had stakes in both obscure offshore funds used in the Adani <keyword id="22743230" type="General" weightage="20" keywordseo="money-siphoning" source="keywords">money siphoning</keyword> scandal." <br /><br /> SEBI, it claimed, has "shown a surprising lack of interest in Adani's alleged undisclosed web of Mauritius and offshore shell entities." <br /><br /> Buch and her husband may have first opened their account with IPE Plus Fund 1 on June 5, 2015, in Singapore. IPE fund is a small offshore Mauritius fund set up by Vinod Adani director through India Infoline (IIFL), a wealth management firm with ties to the Wirecard embezzlement scandal. <br /><br /> "Vinod Adani, brother of Gautam Adani, used this structure to invest in Indian markets with funds allegedly siphoned from over-invoicing of power equipment to Adani Group," claimed Hindenburg. <br /><br /> Latching on to the Hindenburg allegations, Congress said the revelations only reinforced its demand for setting up a "joint parliamentary committee to investigate the full scope of the Adani mega scam" while the Trinamool Congress said the SEBI chairperson must resign. <br /><br /> "This raises fresh questions about Gautam Adani's two 2022 meetings in quick succession with Ms Buch shortly after she became SEBI chairperson. Recall that SEBI was supposedly investigating Adani transactions at the time," Congress leader Jairam Ramesh said. <br /><br /> In January last year, Hindenburg Research, which in the past has shorted - or bet against - companies like electric truck maker Nikola Corp and Twitter, accused Adani Group of pulling "the largest con in corporate history" by using a web of companies in tax havens to inflate its revenue and manipulate stock prices, even as debt piled up. <br /><br /> Though the conglomerate vehemently denied all allegations, the damning report sent the group's shares into a free fall, wiping out over USD 150 billion in market value of the 10 listed entities at their lowest point. Most of the 10 listed companies have since recouped the losses. <br /><br /> After the Hindenburg report, the Supreme Court asked market regulator SEBI to complete its investigation and set up a separate expert panel to look into regulatory lapses. The panel did not give any adverse report on Adani and the apex court too stated that no other probe other than one being done by SEBI was required. <br /><br /> On June 26 this year, SEBI in a show cause notice charged Hindenburg of "deliberately sensationalizing and distorting certain facts" as well as working with a New York hedge fund to make its bet. <br /><br /> Hindenburg had responded to that saying it made just USD 4.1 million from its declared positions on Adani stocks and criticized the regulator for not focusing its investigation into the January 2023 report "providing evidence" of the conglomerate creating "a vast network of offshore shell entities" and moving billions of dollars "surreptitiously" into and out of Adani public and private entities. <br /><br /> The group led by billionaire Gautam Adani, who was the world's third-richest man before Hindenburg, in an epic comeback strategy raised USD 15 billion in equity and debt, sold some assets, repaid loans that were raised pledging shares, reined in expenses, repaid some debt and refocused energies on core business. <br /><br /> Adani is now ranked 12th richest in the world, one notch and USD 6 billion shy of rival billionaire Mukesh Ambani. The group has also made some acquisitions, buying cement company Sanghi Industries and the news agency IANS. <br /><br /> Adani has insisted the Hindenburg report has not changed operations at his companies, which include ports, airports, renewable parks generating electricity from sunlight and wind energy, gas distribution, cement processors, data centers, and even apple farms. <br /><br /> 360 One Wam Ltd, formerly known as IIFL Wealth Management Ltd, separately said IPE-Plus Fund 1, a fully compliant and regulated fund, was launched in October 2013 and operated until October 2019. <br /><br /> "Throughout the fund's tenure, IPE-Plus Fund 1 made zero investments in any shares of the Adani Group either directly or indirectly through any fund," it said. <br /><br /> "At its peak, the fund's Assets Under Management (AUM) reached approximately USD 48 million, with over 90% of the fund consistently invested in bonds." <br /><br /> The fund, it said, was managed as a discretionary fund by the Investment Manager. <br /><br /> "No investor had any involvement in the fund's operations or investment decisions. Mrs. Madhabi Buch &amp; Mr. Dhaval Buch's holdings in the fund were less than 1.5% of the total inflow into the fund." <br /><br /> Hindenburg on Saturday alleged that just weeks before Buch's appointment to SEBI, her husband requested the transfer of their investments into his sole control, potentially to avoid any scrutiny related to her new regulatory role. <br /><br /> The couple's investments were reportedly funneled through a complex, multi-layered offshore structure, raising questions about their legitimacy and purpose. <br /><br /> On March 22, 2017, just weeks ahead of Buch's appointment as SEBI Wholetime Member, her husband, Dhaval Buch, wrote to Mauritius fund administrator Trident Trust. That communication was regarding his and his wife's investment in the Global Dynamic Opportunities Fund (GDOF), the US firm alleged. <br /><br /> "In the letter, Dhaval Buch requested to"be the sole person authorized to operate the accounts", seemingly moving the assets out of his wife's name ahead of the politically sensitive appointment," Hindenburg alleged. <br /><br /> Dhaval Buch is currently a senior advisor at Blackstone and at Alvarez &amp; Marsal. He also serves as a non-executive director on the Board of Gildan. <br /><br /> "In a later account statement dated February 26, 2018, addressed to Madhabi Buch's private email, the full details of the structure are revealed: "GDOF Cell 90 (IPEplus Fund 1)". Again, this is the same Mauritius-registered "cell" of the fund, found several layers deep in a convoluted structure, reportedly used by Vinod Adani," Hindenburg alleged. <br /><br /> From April 2017 to March 2022, while Buch was a Wholetime member and Chairperson at SEBI, she had a 100 % interest in an offshore Singaporean consulting firm, called Agora Partners, it alleged adding On March 16, 2022, two weeks after she was appointed SEBI Chairperson, she quietly transferred the shares to her husband. <br /><br /> To date, SEBI has taken no action against these funds, it claimed. <br /><br /> "If SEBI wanted to find the offshore fund holders, perhaps the SEBI Chairperson could have started by looking in the mirror," Hindenburg said. <br /><br /> In response to requests from the Supreme Court to investigate the Adani matter, SEBI is said to have hit a wall unveiling the holders of the offshore funds. The Supreme Court said that while SEBI seemingly agreed with its concerns over who funded Adani's offshore shareholders, "it is evident that SEBI has drawn a blank in this investigation", the firm alleged.

Hindenburg target SEBI chief, she calls charges baseless, Adani says no commercial relationship with SEBI head

I have spent entirely too much time thinking about Mark Zuckerberg's outfit at his birthday party

<p></p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5a4bc4f0b0bcd535008b7c8d-800/screen%20shot%202018-01-02%20at%20124322%20pm.png" alt="American Apparel" data-mce-source="American Apparel"><p class="source"><span>American Apparel</span></p><p class="caption">American Apparel's new ad campaign seeks to empower women.</p></img></div><p></p></div></div><ul><li><strong>American Apparel has implemented an all-female&#xa0;executive board for the first time in the brand's history.</strong></li><li><strong>The new board is reworking the representation of women in its ads.</strong></li><li><strong>The ads are still provocative, but they aim to represent women in a more progressive way, according to Adweek.</strong></li></ul><hr><p><br>American Apparel is back, and it's trying to shake off its sexist image.&#xa0;</br></p><p>The US brand founded by its former CEO, Dov Charney, declared bankruptcy in <a href="http://www.businessinsider.com/r-american-apparel-files-for-bankruptcy-2015-10">October 2016</a> and was bought by Canadian apparel-maker Gildan for <a href="http://www.businessinsider.com/canada-apparel-maker-gildan-buying-american-apparel-2017-1">$88 million</a> three months later.</p><p>Charney&#xa0;<a href="http://www.businessinsider.com/dov-charney-forced-out-of-american-apparel-2015-8">was pushed out of the business</a>&#xa0;in 2015, after he was accused of sexually assaulting multiple women. American Apparel's ad campaigns were known for their images of nearly nude women in risqué positions.&#xa0;</p><p></p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><img style="color: #000000;" src="https://static-ssl.businessinsider.com/image/5a4bd22fb0bcd550328b73cc-800/screen%20shot%202018-01-02%20at%2013710%20pm.png" alt="American Apparel" data-mce-source="American Apparel"><p class="source"><span>American Apparel</span></p><p class="caption">This photograph of the 2012 collection shows the brand's typically risque style.</p></img></div><p></p></div></div><p>Gildan is now working to make over the brand's former reputation. One step it has taken is to implement an all-female executive board.</p><p>But, as you scroll through the brand's website, you'll still see many scantily dressed models.</p><p><span>"We don't believe in covering up," Sabina Weber, head of brand marketing at Gildan,&#xa0;<a href="http://www.adweek.com/creativity/american-apparels-rebrand-led-by-female-execs-aims-to-be-sexy-without-the-sexism/">told Adweek</a>. "Women feel so conflicted about being sexual right now, but we're taking a position to still be sexy, unapologetically so, but from an empowered female perspective."</span></p><p></p><div class="KonaFilter image-container display-table center"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5a4bd0f6b0bcd521008b7dde-900/screen%20shot%202018-01-02%20at%2013431%20pm.png" alt="American Apparel" data-mce-source="American Apparel"><p class="source"><span>American Apparel</span></p><p class="caption">The new ad campaign is strikingly similar to previous years.</p></img></div><p></p></div></div>Weber told Adweek that the new images depict women in a more progressive way, and male models are also now shot in similar poses.&#xa0;<p>According to <a href="http://www.adweek.com/creativity/american-apparels-rebrand-led-by-female-execs-aims-to-be-sexy-without-the-sexism/">Adweek</a>, American Apparel models must be over 18. In previous years, the brand was accused of featuring prepubescent teens in its ad campaigns.</p><p>In November, a post on the brand's Instagram account called for models over 25, "gender and size irrelevant."</p><p>The new face of American Apparel launched online in August. The collection has a similar aesthetic to what was sold before: you'll find&#xa0;<span>plain colored T-shirts and basics, brightly colored leggings, and its signature bodysuits.</span></p><p><span>Now, Gildan has a new&#xa0;</span><span>force to reckon with: former founder Dov Charney has launched another venture, called "Los Angeles Apparel," that is shockingly similar to his former brand. On the </span><a href="http://www.losangelesapparel-imprintable.net/innovative-products/">website</a><span>, it states that its collection is created by workers who have been collaborating with Dov Charney for the past two decades.</span></p><p class="tagline"></p><div id="categorypromo" style="border:1px solid silver; min-height:90px; padding:10px;vertical-align:top;"><a href="http://read.bi/retail-2018"><img src="https://static.businessinsider.com/image/5a15cd5df914c346018b5aef-720-480" style="margin-right:15px;width:150px;float:left !important;" /></a><strong>EXCLUSIVE FREE SLIDE DECK:</strong><br>The Future of <keyword id="6354851" type="ORGANIZATION" weightage="100" keywordseo="Retail">Retail</keyword> 2018 by the BI Intelligence Research Team.<br><strong><a href="http://read.bi/retail-2018">Get the Slide Deck Now »</a></strong></br></br></div><div>    <iframe src="//instagram.com/p/BcpqOUhltmY/embed/" width="658" height="auto" frameborder="0" scrolling="no" allowtransparency="true">    </iframe></div><div>    <iframe src="//instagram.com/p/BcuyOI6leWD/embed/" width="658" height="auto" frameborder="0" scrolling="no" allowtransparency="true">    </iframe></div><div>    <iframe src="//instagram.com/p/BcFn5YzF94E/embed/" width="658" height="auto" frameborder="0" scrolling="no" allowtransparency="true">    </iframe></div>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/red-green-became-christmas-colors-santa-coke-coca-cola-2017-12">Why red and green are the colors of Christmas</a></h3>        <div>            <iframe class="bijwplayerclass" data-player="jwplayer" src="https://content.jwplatform.com/players/Ws5NoiEI-CEZHWCBG.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;" allowfullscreen=""></iframe><script>function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</script>        </div>    </div></hr>

American Apparel is now run by women, but it's not ditching its risque image - here's why

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><a href="http://www.americanapparel.com/en/"><img src="https://static-ssl.businessinsider.com/image/598b25104fc3c0c7188b54aa-900/screen shot 2017-08-09 at 110611 am.png" alt="American Apparel" data-mce-source="American Apparel" /><p class="source"><span>American Apparel</span></p><p class="caption">The majority of American Apparel's new collection is made in factories outside the US.</p></a></div><p></p></div></div>American Apparel is back. </p><p>The US brand, which declared bankruptcy in <a href="http://www.businessinsider.com/r-american-apparel-files-for-bankruptcy-2015-10">October 2016</a> and was bought by <span>Canadian apparel maker Gildan for <a href="http://www.businessinsider.com/canada-apparel-maker-gildan-buying-american-apparel-2017-1">$88 million</a> in January, relaunched <a href="http://www.americanapparel.com/en/">online</a> Monday.</span></p><p><span>Scrolling through the website, there's a strong feeling of deja vu; it almost looks as if nothing has changed since the days of its founder, Dov Charney. </span></p><p><span>You'll find a whole line of plain colored T-shirts and basics, brightly colored leggings, and its signature bodysuits. You're even invited to "<a href="http://www.americanapparel.com/en/">Shop the Archives</a>," a collection based on pieces taken from photo shoots dating back to 2007, <a href="https://www.racked.com/2017/8/8/16115896/american-apparel-relaunch">Racked</a> reported.</span></p><p><span>Gildan, who purchased the intellectual rights to the company, has not only </span>kept on a group of designers and marketing people from the former American Apparel teams but it's also <span>acquired millions of dollars worth of old inventory and fabric. </span></p><p>But there's one big difference, the "Made in the USA" stamp, that American Apparel was once famous for, has all but disappeared from the new clothing, <span>as the majority of these products are now manufactured in factories in Honduras and Nicaragua. </span></p><p><span>Conscious of alienating loyal fans, Gildan has also launched a smaller eight piece collection of "<a href="http://www.americanapparel.com/en/made-in-usa-shop_cat3080033">Made in the USA</a>" styles, which are almost identical to other pieces on the website, only more expensive. Customers can expect to pay $48 for the USA-made hoodie for example, versus $38 for a similar version made elsewhere.</span></p><p><span><div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/598b260e76084a6b008b7261-885/screen shot 2017-08-09 at 110802 am.png" alt="American Apparel" data-mce-source="American Apparel" /><p class="source"><span>American Apparel</span></p><p class="caption">The USA made clothing will be more expensive that other pieces online.</p></div><p></p></div></div>American Apparel now has a new force to reckon with: former</span> founder Dov Charney has launched another venture, called "Los Angeles Apparel," which is shockingly similar to his former brand. On the <a href="http://www.losangelesapparel-imprintable.net/innovative-products/">website</a>, it states that this new collection is created by<span> workers who have been collaborating with Dov Charney for the past two decades.</span></p><p><span>A spokesperson for Gildan told Business Insider that this isn't currently a concern.</span></p><p><span>"The fashion basics business is crowded already with lots of brands. The only time we would ever become concerned is if something he was doing was seen to be infringing on any of our intellectual our property rights or purposely misleading consumers into believing the apparel he is selling is American Apparel," the spokesperson said.</span></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/month-timeline-best-time-buy-anything-2017-car-tv-taxes-home-clothes-2016-12">Here's a month-by-month timeline of the best time to buy almost anything in 2017</a></h3>        <div>            <iframe class="bijwplayerclass" data-player="jwplayer" src="https://content.jwplatform.com/players/G3lJ89PG-CEZHWCBG.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;" allowfullscreen=""></iframe><script>function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</script>        </div>    </div>

American Apparel has relaunched online - and it looks exactly the same

<p><span><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/559bec306bb3f7c175fc8f8a-1538/american-apparel-23.jpg" alt="American Apparel" data-mce-source="Flickr/Sherwin Huang" data-link="https://www.flickr.com/photos/sherwinh/348760677/in/photolist-wPup8-6t4tH-5VmApw-5HX3nZ-8QQeP1-5EuCCS-6n1rDi-4xveST-5VmAmA-3iw5jP-77CB4T-8JMTTr-8Jg5Ry-8HkKjg-9Q9uv6-ebYSjS-7iMmVE-7iMmQY-8QMaSz-a45irZ-5roPdw-tkEAd-apt1iH-5XPQvK-2PKcN-7iHsui-7iHszi-7iMmAd-nHX43R-uYbwud-8QM9eP-8jgrj9-8Jvre8-7XoLKx-8QQeb7-o9P2g6-8keAhG-9yDXgL-9xVdXW-5xcxK5-8Jyv3h-8Jg5Wo-6rfSFs-8QMadM-8QMaAa-8QQdSL-8kezxo-aFpo7n-92gMsM-8keyNU" /><p class="source"><span><a href="https://www.flickr.com/photos/sherwinh/348760677/in/photolist-wPup8-6t4tH-5VmApw-5HX3nZ-8QQeP1-5EuCCS-6n1rDi-4xveST-5VmAmA-3iw5jP-77CB4T-8JMTTr-8Jg5Ry-8HkKjg-9Q9uv6-ebYSjS-7iMmVE-7iMmQY-8QMaSz-a45irZ-5roPdw-tkEAd-apt1iH-5XPQvK-2PKcN-7iHsui-7iHszi-7iMmAd-nHX43R-uYbwud-8QM9eP-8jgrj9-8Jvre8-7XoLKx-8QQeb7-o9P2g6-8keAhG-9yDXgL-9xVdXW-5xcxK5-8Jyv3h-8Jg5Wo-6rfSFs-8QMadM-8QMaAa-8QQdSL-8kezxo-aFpo7n-92gMsM-8keyNU">Flickr/Sherwin Huang</a></span></p></div><p></p></div></div>American Apparel isn't shutting down all its stores - at least not yet, despite some reports saying otherwise.</span></p><p><span>The bankrupt company recently reached a deal to sell intellectual property and other assets to Canadian company Gildan Activewear.</span></p><p><span>The deal did not include American Apparel's 110 stores. </span></p><p><span>Without a buyer for the stores, American Apparel will likely be forced to eventually shut them down. </span></p><p><span>But that won't happen for at least another three months </span><span>under a 100-day license with Gildan, American Apparel spokeswoman Arielle Patrick told Business Insider. The company hasn't shut down any stores since the nine closures it announced in October, she said.</span></p><p><span></span><span>It's unclear what will happen to the stores once the license expires. Patrick declined to comment further. Gildan did not respond to a request for comment.</span></p><p><span>Gildan spokesman Garry Bell told Bloomberg, however, that the company never intended to acquire American Apparel's stores.</span></p><p><span><span>"We've never been in a position to be able to assume operations," Bell said. "We're not buying an ongoing concern."</span></span></p><p><span>If American Apparel closed all its stores, about 2,000 workers would be laid off.</span></p><p><span>The company has already started laying off about 2,400 employees in Southern California who worked at its headquarters and nearby factories, which were also omitted from the deal with Gildan, according to <a href="http://www.latimes.com/business/la-fi-american-apparel-layoffs-20170116-story.html">The Los Angeles Times</a>.</span></p><p><span>Regardless of the retailer's fate, customers can expect to see deep discounts in stores and online over the next couple months. On Tuesday, the website was running a 40% off sale on its entire website. </span></p>      <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/macys-plans-close-100-stores-next-couple-years-low-sales-2017-1">Macy's is closing 68 stores - here's where they will shut down</a></h3>        <div>            <div>    <script src="http://player.ooyala.com/v3/6e12e8b3387a44daacfb73afba25a76e"></script>    <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="QwZG5xODE65kAfI9XSEsaW-XU2n1GlYS" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>    <script>    if (typeof RunFunctions === 'undefined') { var RunFunctions = []; }     RunFunctions.push(function()    {         var ooyalapopvideo = OO.Player.create('ooyalaplayer_popvideo', 'QwZG5xODE65kAfI9XSEsaW-XU2n1GlYS',{ autoplay: 'false' });     });    </script>    <noscript><div>Please enable Javascript to watch this video</div></noscript></div>        </div>        <script>(function() { function createPlayer() { OO.ready(function() { RunFunctions.forEach(function(ooyalaFunction) { ooyalaFunction(); }); RunFunctions = [];}); } createPlayer(); }()); </script>    </div>

American Apparel denies reports that it's imminently shutting down all of its stores

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/573642d991058427008c2d46-2400/ap_16126549163549.jpg" alt="Amazon CEO Jeff Bezos" data-mce-source="AP Photo/Susan Walsh" data-mce-caption="Amazon CEO Jeff Bezos" /><p class="source"><span>AP Photo/Susan Walsh</span></p><p class="caption">Amazon CEO Jeff Bezos</p></div><p></p></div></div>Amazon is <a href="http://www.businessinsider.com/r-exclusive-amazon-forever-21-vying-for-bankrupt-american-apparel-sources-2017-1">reported to be in the run to acquire American Apparel's bankrupt business</a>.</p><p>The rumored deal immediately raised speculation about Amazon's growing ambitions in the fashion business. </p><p>But an acquisition of the struggling clothing retailer could also help Amazon by solving one of the biggest problems it currently faces: <span style="line-height: 1.5em;">tension with president-elect Donald Trump.</span></p><p><span>Trump, who <a href="http://www.businessinsider.com/how-trump-presidency-will-affect-amazon-2016-11">frequently criticized Amazon during his campaign</a>, won his way to the White House </span><span>in large part</span><span> by promising to keep US manufacturing jobs in the country. He claims some of his recent deals with Carrier and Ford helped save thousands of jobs from moving overseas.</span></p><p>American Apparel, best known for its "Made in the U.S.A" slogan, says it's <a href="http://store.americanapparel.net/en/aboutus/index.jsp#slide">the largest clothing manufacturer in the US</a>. With 4,500 workers employed, it also calls itself <a href="http://www.americanapparel.net/aboutus/">the "largest sewing facility in North America."</a> </p><p>That means by acquiring American Apparel, Amazon would get to save thousands of US manufacturing jobs, while helping Trump continue to play up the "keep jobs in the US" rhetoric - and also win Trump's support in one master stroke.</p><p>And given that the starting price to buy part of American Apparel is currently $66 million, according to Reuters, Amazon could score a big win by spending a relative pittance (Amazon had roughly $12 billion in cash on its balance sheet at the end of the last quarter).</p><p>Of course, there are a lot of unknowns in Amazon's reported bid and it's not clear if Amazon even wants to buy American Apparel's manufacturing facilities. The only official bid, from Canadian clothing brand Gildan, just includes the rights to American Apparel's brand, with an option to buy its manufacturing operations and inventory. Gildan's bid doesn't include American Apparel's 110 <keyword id="6354851" type="ORGANIZATION" weightage="60" keywordseo="Retail">retail</keyword> stores, according to Reuters.</p><p>Also, Amazon may have to convince shareholders the logic behind acquiring a failing apparel business that has hundreds of million dollars in debt. With Amazon reportedly accelerating its investments in other areas, like logistics and grocery stores, investors may not welcome the idea of taking on American Apparel's mounting losses.</p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/586d950cf10a9a09778b4c03-1161/screen shot 2017-01-04 at 43601 pm.png" alt="Screen Shot 2017 01 04 at 4.36.01 PM" data-mce-source="Amazon" /><p class="source"><span>Amazon</span></p><p class="caption">Amazon has been making a stronger push into the fashion retail business.</p></div><p></p></div></div></p><p>But if Amazon could somehow pull off a deal for all of American Apparel's factories and retail stores, there are a lot of other potential business benefits to go along with the political and PR benefits, especially given the company is forecast to take over Macy's as the top US apparel seller in 2017. Some of them include:</p><p style="padding-left: 30px;"><strong>- Increased brick-and-mortar presence:</strong> Amazon has been quietly launching its own private-label brands over the past year. Having a physical space to showcase its product will significantly increase its sales and brand awareness.</p><p style="padding-left: 30px;"><strong>- More channels to promote Prime:</strong> Amazon has already made its bookstores pretty much Prime-exclusive, making it another channel to promote Prime's many benefits. Also, one of its private-label brands, Buttoned Down, is only available to Prime members. American Apparel's retail network could help Amazon promote Prime in other parts of the country.</p><p style="padding-left: 30px;"><strong>- Solves the biggest structural flaws of online apparel sales:</strong> Most people still want to try on clothes before buying them online. They also like to return to a physical store. Ownership of American Apparel stores would solve both problems.</p><p>This certainly makes for a very interesting play in Amazon's growing ambition in the fashion retail space. But it could also very well just be one of the many speculations Amazon gets thrown into: in 2015, Amazon was reported to be in the run for Radio Shock, which turned out to be just a rumor.</p><p>Amazon's representative wasn't immediately available for comment.</p> <p class="tagline">Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions.</p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/stretching-before-after-workout-explained-2016-12">An exercise scientist explains what everyone gets wrong about stretching</a></h3>        <div>            <div>    <script src="http://player.ooyala.com/v3/6e12e8b3387a44daacfb73afba25a76e"></script>    <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="VtdTZveDr_kuHL4L7f9FqOrv59V0_hmn" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>    <script>    if (typeof RunFunctions === 'undefined') { var RunFunctions = []; }     RunFunctions.push(function()    {         var ooyalapopvideo = OO.Player.create('ooyalaplayer_popvideo', 'VtdTZveDr_kuHL4L7f9FqOrv59V0_hmn',{ autoplay: 'false' });     });    </script>    <noscript><div>Please enable Javascript to watch this video</div></noscript></div>        </div>        <script>(function() { function createPlayer() { OO.ready(function() { RunFunctions.forEach(function(ooyalaFunction) { ooyalaFunction(); }); RunFunctions = [];}); } createPlayer(); }()); </script>    </div>

Amazon's rumored bid for American Apparel could solve its Trump problem in one master stroke

<img src="https://static-ssl.businessinsider.com/image/59667ebb552be553008b45ba-975/screen shot 2017-07-12 at 35437 pm.png" alt="Los Angeles Apparel" /><p class="source"><span>Los Angeles Apparel</span></p><p class="caption">Los Angeles Apparels' clothes look shockingly familiar.</p>Dov Charney has started a <a href="http://www.businessinsider.com/american-apparel-founder-dov-charney-is-back-thats-los-angeles-2016-9">new clothing company</a> that's shockingly similar to American Apparel.<p>The brand, called Los Angeles Apparel, launched in late 2016 soon before American Apparel - the company that Charney founded - declared bankruptcy in October. </p><p>According to <a href="https://www.bloomberg.com/news/features/2017-07-12/dov-charney-couldn-t-keep-american-apparel-so-he-restarted-it">Bloomberg's Matthew Townsend</a>, the sense of deja vu goes beyond the similar name. Other shocking similarities include: </p><ul><li><strong>The motto:</strong> Charney is reportedly considering the slogan, "Made in South Central." American Apparel's is "Made in Downtown L.A."</li><li><strong>The clothing:</strong> Los Angeles Apparel is upfront about the fact that its clothing is essentially identical to American Apparel's. "Below are original classic garments developed by Dov Charney over the last two decades," <a href="http://www.losangelesapparel-imprintable.net/innovative-products/">the website reads.</a> "They are equivalent to the styles Charney has offered in the past, from a specification, color and textile perspective." </li></ul><img src="https://static-ssl.businessinsider.com/image/59667e44552be55f008b4597-1002/screen shot 2017-07-12 at 35303 pm.png" alt="Los Angeles Apparel" /><p class="source"><span>Los Angeles Apparel</span></p><p class="caption">Essentially all of Los Angeles Apparel's classic originals were sold at American Apparel.</p><ul><li><strong>The models: </strong>While Los Angeles Apparel hasn't launched any marketing campaigns like American Apparel's racy ads quite yet, models on the website share the <a href="http://gawker.com/5562965/american-apparels-complete-guide-to-grooming">brand's approach to "natural beauty,"</a> showcasing minimal makeup and thick brows.  </li><li><strong>The customers:</strong> Los Angeles Apparel is starting as a wholesale business. Apparel companies, such as Cincinnati-based TSC Apparel, have simply swapped their American Apparel orders for Los Angeles Apparel after the brand filed for bankruptcy. </li><li><strong>The workers:</strong> American Apparel's bankruptcy meant that Charney could hire laid-off workers for his new company. </li><li><strong>The supplies:</strong> According to Bloomberg, Charney bought fabric, computers, sewing machines, and even light bulbs from American Apparel in the bankruptcy sale. </li><li><strong>The warehouse</strong>: American Apparel previously used Los Angeles Apparel's production center and warehouse space - where Charney now also lives. "I will not leave. This is my bed. This is my room. This is where I sleep," he told Bloomberg. </li></ul><p>Charney was pushed out at American Apparel in 2014. He had been sued for harassment by employees several times, in suits that were settled or thrown out of court. </p><p>Canadian apparel maker Gildan bought the American Apparel brand for $88 million in a bankruptcy auction January, integrating the brand into the company's wholesale business. </p><p>"The company is dead," <a href="https://www.theatlantic.com/business/archive/2017/01/american-apparel-gildan/513128/">Charney told The Atlantic of the deal. </a>"They're just tossing around a brand. It's like Polaroid or Sharper Image. The spirit of American Apparel is dead." </p>            <h3>NOW WATCH: <a href="http://www.businessinsider.com/mens-cargo-shorts-brett-mckay-retail-fashion-2017-6">How grown men can actually look good in shorts</a></h3>                                    Please enable Javascript to watch this video                    

American Apparel's disgraced founder seems to be resurrecting his 'dead' brand under a new name

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5874c80ef10a9a273f8b4f7d-1932/undefined" alt="Christiano Ronaldo" data-mce-source="Reuters/Ruben Sprich" data-mce-caption="People line up to take a picture with Real Madrid's Christiano Ronaldo before the start of the FIFA Awards ceremony." /><p class="source"><span>Reuters/Ruben Sprich</span></p><p class="caption">People line up to take a picture with Real Madrid's Christiano Ronaldo before the start of the FIFA Awards ceremony.</p></div><p></p></div></div>Here is what you need to know.</p><p><strong><a href="http://www.businessinsider.com.au/inflation-in-a-key-component-of-chinas-economy-is-red-hot-as-commodity-prices-continue-to-surge-2017-1">China's inflation slows</a>. </strong>Data released by the National Bureau of Statistics showed consumer prices rose 0.2% in December, making for a 2.1% year-over-year gain. However, pork, a staple of the Chinese diet, saw its price rise 6.2% versus a year ago.</p><p><strong><a href="http://www.businessinsider.com/ftse-100-record-closing-high-monday-january-9-2017-1?r=UK&amp;IR=T">British stocks are on track to close in record territory for a 9th straight session</a>.</strong> The FTSE trades up 0.4% at 7,264 and is on track for an 11th straight gain and 9th straight close in record territory. Over the course of the winning streak, the FTSE has tacked on about 3.2%.</p><p><strong><a href="http://www.businessinsider.com.au/suddenly-the-us-dollar-is-under-pressure-in-asia-2017-1">The US dollar has clawed back its early losses</a>. </strong>The US dollar index slumped to a low of 101.51 in overnight action, but now trades little changed near 101.85. A close below 101.52 would be the lowest for the greenback since the middle of December.</p><p><strong><a href="http://www.businessinsider.com/r-loreal-to-buy-three-skincare-brands-from-valeant-for-13-billion-2017-1">Valeant is selling assets</a>. </strong>The embattled drugmaker announced it is selling three skincare brands to L'Oreal for $1.3 billion.</p><p><strong><a href="http://www.businessinsider.com/marissa-mayer-is-resigning-from-yahoos-board-2017-1">Marissa Mayer is resigning from Yahoo's board</a>.</strong>Mayer, Yahoo co-founder David Filo, and four other board members will step down once the Verizon merger goes through.</p><p><strong><a href="http://www.businessinsider.com/yahoo-rename-altaba-2017-1">Yahoo will change its name after the Verizon merger</a>. </strong>A Securities and Exchange Commission filing released on Monday showed that the part of Yahoo that's left after the Verizon merger, <span>Yahoo's 15% of Chinese retail giant Alibaba and a part of Yahoo Japan,</span> will change its name to Altaba once the deal is complete.</p><p><strong><a href="http://www.reuters.com/article/us-americanapparel-bidders-bankruptcy-idUSKBN14T26J?il=0">American Apparel has a new owner</a>.</strong>Canadian apparel maker Gildan Activewear won the auction for failed retailer American Apparel with its bid of about $88 million, Reuters reports, citing a person close to the matter.</p><p><strong><a href="http://www.businessinsider.com/snap-makes-the-uk-its-international-headquarters-2017-1">Snap has chosen to move its international headquarters outside the US</a>. </strong>The parent company of Snapchat says its international headquarters will be located in the UK. <span>"We believe in the UK creative industries," <span>Claire Valoti, general manager of Snap Group Limited in the UK, said in a statement.</span> "The UK is where our advertising clients are, where more than 10 million daily Snapchatters are, and where we've already begun to hire talent."</span></p><p><strong><a href="http://markets.businessinsider.com/indices">Stock markets around the world are mixed</a>. </strong>Japan's Nikkei (-0.8%) lagged in Asia and Germany's DAX (+0.2%) leads the gains in Europe. The S&amp;P 500 is on track to open little changed near 2,270.</p><p><strong>US economic data is light. </strong>JOLTS Job Openings will be released at 10 a.m. ET. The US 10-year yield is higher by 1 basis point at 2.38%.</p>

10 things you need to know before the opening bell

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/586e308aee14b6b2008b6993-1790/undefined" alt="Tuna" data-mce-source="Reuters/Issei Kato" data-mce-caption="Kiyomura Co's President Kiyoshi Kimura (C), who runs a chain of sushi restaurants Sushi Zanmai, poses with a 212 kg (467 lbs) bluefin tuna at his sushi restaurant outside Tsukiji fish market in Tokyo, Japan." /><p class="source"><span>Reuters/Issei Kato</span></p><p class="caption">Kiyomura Co's President Kiyoshi Kimura (C), who runs a chain of sushi restaurants Sushi Zanmai, poses with a 212 kg (467 lbs) bluefin tuna at his sushi restaurant outside Tsukiji fish market in Tokyo, Japan.</p></div><p></p></div></div>Here is what you need to know.</p><p><strong><a href="http://www.businessinsider.com/fed-fomc-minutes-december-2016-meeting-2017-1">The Fed has its eyes on Trump</a>. </strong>The minutes from the December FOMC meeting show the Fed is monitoring how fiscal policy will impact growth and how quickly it will have to raise rates. "... almost all also indicated that the upside risks to their forecasts for economic growth had increased as a result of prospects for more expansionary fiscal policies in coming years," the minutes said.</p><p><strong><strong><a href="http://www.businessinsider.com/ihs-markit-uk-services-pmi-december-2016-2017-1?r=UK&amp;IR=T">The British economy is "exceeding all expectations."</a> </strong></strong>The latest bit of good news comes in the form of services PMI, which drew a reading of 56.2 for December, ahead of the flash estimate of 54.7. The British pound is down 0.1% at 1.2309 against the dollar.</p><p><strong>Bitcoin surrenders most of its overnight gains. </strong>The cryptocurrerncy raced to a high of $1,161.88 per coin, up 6.4%, but is now higher by just 0.9% at $1,101. Bitcoin has gained about 15% so far in 2017 after rallying more than 120% in 2016.</p><p><strong><a href="http://www.businessinsider.com/list-of-macys-stores-closing-2017-1">Macy's is closing 68 stores</a>. </strong>The closures represent about 15% of Macy's store base and will impact nearly 4,000 employees. Macy's also said it now expects to earn an adjusted<span> $2.95 to $3.10 per share for fiscal year 2016, down from its previous estimsate of $3.15 to $3.40<span>.</span></span></p><p><strong><a href="http://www.businessinsider.com/kohls-macys-stock-drop-holiday-sales-disappoint-2017-1">Kohl's had a rough holiday season</a>. </strong>The retailer said sales slumped 2.1% in November and December, compared to a year ago. "<span>Strong sales on Black Friday and during the week before Christmas were offset by softness in early November and December," Kohl's CEO Kevin Mansell said </span>in a press release<span>.</span></p><p><strong><a href="http://www.businessinsider.com/r-exclusive-amazon-forever-21-vying-for-bankrupt-american-apparel-sources-2017-1">Amazon is in talks to buy American Apparel</a>. </strong>The online retailer and Forever 21 are among the companies considering a bid for the bankrupt retailer, Reuters reports. Any deal must top the $66 million offer from Gildan Activewear, which was agreed to by American Apparel when it filed for bankruptcy back in November.</p><p><strong><a href="http://www.businessinsider.com/triggers-helps-you-trade-stocks-on-trumps-tweets-2017-1">Now there's an app that lets you know when Trump tweets about your stocks</a>. </strong>The free app, called Trigger, will notify you in real-time if Trump tweets about a stock that you own.</p><p><strong><a href="http://markets.businessinsider.com/indices">Stock markets around the world trade mixed</a>. </strong>Hong Kong's Hang Seng (+1.5%) led the gains in Asia and Germany's DAX (-0.1%) is slipping in Europe.</p><p><strong>Earnings reports trickle out. </strong>Walgreens Boot Alliance and Monsanto report ahead of the opening bell.</p><p><strong>US economic data picks up. </strong>ADP Employment Change will be released at 8:15 a.m. ET before initial jobless claims and Markit services PMI cross the wires at 8:30 a.m. ET and 9:45 a.m. ET, respectively. The US 10-year yield is unchanged at 2.44%.</p><p> </p>

You Searched For "Gildan" and got 11 results

This Company's Super Bowl Ad Will Star A Dude In Furry Leopard Handcuffs

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After Adani, Hindenburg targets SEBI chief, she calls allegations baseless, character assassination

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Hindenburg target SEBI chief, she calls charges baseless, Adani says no commercial relationship with SEBI head

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I have spent entirely too much time thinking about Mark Zuckerberg's outfit at his birthday party

Katie Notopoulos

American Apparel is now run by women, but it's not ditching its risque image - here's why

Mary Hanbury

American Apparel has relaunched online - and it looks exactly the same

Mary Hanbury

American Apparel denies reports that it's imminently shutting down all of its stores

Hayley Peterson

Amazon's rumored bid for American Apparel could solve its Trump problem in one master stroke

Eugene Kim

American Apparel's disgraced founder seems to be resurrecting his 'dead' brand under a new name

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10 things you need to know before the opening bell

Jonathan Garber

10 things you need to know before the opening bell

Jonathan Garber