American Apparel
Headquarters: Los Angeles, California
Products: Basic clothing and accessories
Started in 1989, American Apparel's never been shy about its "all-American" philosophy. It makes and sells all of its products in the United States. It's also one of the few companies exporting "Made in USA" clothing. Ironically, founder Dov Charney is Canadian.After 21-years as a truly American enterprise, the company recently warned it could go out of business soon because of a steep sales slump, serious manufacturing issues and mounting financial problems.
"Made in USA" is a key selling point for the company but, "it's not a formula that's proven to be working in today's world," said Marshal Cohen, chief retail analyst with NPD Group.
Cash-strapped shoppers aren't looking for labels, they're looking for savings. That's especially true of young shoppers, Cohen says. So when choosing between a $20 tee at American Apparel or an identical one for $5 at Target or Wal-Mart, they're going for the bargain, he said.
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