Primark Plans US Expansion, But Will They Succeed?

Shoppers in a Primark store | Source: Reuters

MADRID, Spain — Discount fashion chain Primark has made its mark in Europe by offering fast-changing fashion at rock-bottom prices. The secret of its success: placing huge orders for top-selling items like socks, tops and jeans and passing on the savings to shoppers.

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Ousted American Apparel CEO Hands Over Stake to Hedge Fund

Outside an American Apparel store | Source: Reuters

NEW YORK, United States — Ousted American Apparel Inc. Chief Executive Officer Dov Charney has handed over his entire stake and voting rights in the struggling retailer to Standard General LP, enabling the fund to negotiate directly with the independent directors over the company's future, two sources close to the matter said on Wednesday.

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