American Apparel sees real estate opportunity
American Apparel Inc Chief Executive Dov Charney said on Wednesday he saw opportunity in retail real estate for the fast-growing
“There’s a lot of real estate out there now because a lot of retailers are struggling,” Charney said, speaking at the ICR XChange Conference for consumer companies. “That’s an opportunity for us.”
“We’re very optimistic because we’ve been working on carving out a market niche,” Charney said.
Of his customers, he said: “They have no credit or poor credit, they don’t own a home … they rent apartments with no heating bills and they generally don’t drive.”