
Since expanding and going public in 2007, the company has rapidly grown in popularity and has expanded to 19 countries and 260 stores. However store sales have dropped by 16% compared to this time last year and for the first 3 months of the year they have lost $5 - $7 million in operations.
I guess sex doesn't sell in this time around, since their very racy and sexually-charged ads can't help them get out of this economical deficient. Man, CEO Dov Charney can't catch a break. Earlier in the year, the American clothing company suffered from allegations of shoddy labor practices and now this!!!!!
All I want to know is, does this mean a sale is around the corner and if so when?
Poor ting. Literally.
xoxo
Liipstik
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