On Tuesday, Shares of American Apparel Inc (NYSEMKT:APP), lost -21.57% to $0.360.
American Apparel, declared the next phase of its planned turnaround plan, counting a redesigned fall merchandise line, about $30 million in cost-cutting initiatives, and key additions to its leadership team.
For the first time in the Company’s history, later this year, American Apparel will unveil a new fall line focused on advanced basics and key items in both men’s and women’s. “Historically, the fall season has not been a major focus for the Company. We are starting the process of re-merchandising the product assortment in our retail stores to enhance productivity by SKU,” said Paula Schneider, recently designated Chief Executive Officer of American Apparel. “The new styles are designed to enhance revenue as we continue to evolve our product offering during this important selling season,” added Ms. Schneider.
American Apparel, Inc. designs, manufactures, distributes, retails, and sells branded fashion basic apparel products, and clothing and accessories for women, men, children, and babies. It offers T-shirts, denim, sweaters, jackets, and accessories.
Shares of RPC, Inc. (NYSE:RES), inclined 0.76% to $13.20, during its last trading session.
RPC, declared that it will release its financial results for the second quarter ended June 30, 2015 on Wednesday, July 29, 2015 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company’s financial and operating results on Wednesday, July 29, 2015 at 9:00 a.m. Eastern Time.
RPC, Inc. provides a range of oilfield services and equipment for oil and gas companies involved in the exploration, production, and development of oil and gas properties in the United States, Africa, Canada, China, Eastern Europe, Latin America, the Middle East, and New Zealand.
Finally, VF Corp (NYSE:VFC), ended its last trade with 0.92% gain, and closed at $71.60.
VF Corp, declared that Steven E. Rendle, 55, has been designated President & Chief Operating Officer at the company and has been elected to VF’s Board of Directors. He will report to Eric Wiseman, VF’s Chairman and Chief Executive Officer.
“We’re happy to promote Steve to this important new role,” Wiseman said. “His accomplishments during his nearly 16 years with the company are many, counting accelerating VF’s brand growth in the Americas, leading our Outdoor & Actions Sports coalition and serving as President at The North Face® brand. Steve is a key member of our Operating Committee, which oversees our business around the world, and he has assisted define and execute VF’s planned plans. His passion for connecting with consumers and customers assists drive our Powerful Brands, Powerful Platforms, One VF approach.”
V.F. Corporation designs, manufactures, markets, and distributes branded lifestyle apparel, footwear, and accessories in the United States and Europe. The company offers outdoor apparel, footwear and equipment, youth culture/action sports-inspired footwear, handbags, luggage, backpacks, totes, accessories, merino wool socks, women’s activewear, and travel accessories under the The North Face, Vans, Timberland, Kipling, Napapijri, Jansport, Reef, Smartwool, Eastpak, lucy, and Eagle Creek brands.
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