Thursday, August 19, 2010
It's not easy being Green - Save American Apparel
The fact is that survival in corporate america isn't easy, especially when you sell out. American Apparel tried to sell out, everyday, and it isn't working. Selling out is the American Way, so this is an obvious path for the company to have taken, but don't get fooled again. This isn't just about the libido of Dov Charney, this is about profitability and extortion. The financiers that control the clothing industry of this country have a strangle hold on the companies that work in this country and right now is not a good time to have debt. The debt is what is destroying the stock value of American Apparel and the profitability of the company would be sufficient if it weren't for the exhorbant interest rates that are being charged to the short-term financing and covenents that are restricting the ability of the company to post a profit. I am not saying that the other realities like over-expansion and negligence on the part of the administration aren't obvious problems, but that shit happens all the time from Apple to the White House, so stop throwing stones. Face the facts that the very people that made American Apparel what it is are upset because they can't profit as much as they want. REMEMBER PUTNEY SWOPE! SAVE AMERICAN APPAREL!
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