American Apparel sells stake, Wu stays focused, Shrinking retailers, Concept stores close

American Apparel store

American Apparel store

American Apparel to sell stake to private equity firm (Drapers)
In a rush to finance a $16 million debt, American Apparel sells a 20% stake of the company to Lion Capital.

Jason Wu stays in focus amid Michelle Obama whir (The Canadian Press)
Even though he has received endless press following his Obama inaugural gown, Jason Wu is staying focused on building a business and establishing strong retail relationships.

America’s Fastest-Shrinking Stores (Forbes)
“For retailers, 2009 is a game of survival, and already more than a few haven’t made it,” reports Forbes.

Teen Retailers Close ‘Concept’ Stores to Focus on Main Brand (WSJ)
“Teen concepts (stores) are being pared as the recession prompts a harsh reappraisal of slicing the market into dozens of niches,” reports The Wall Street Journal.