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American Apparel Sees Opportunity

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Chief Executive Dov Charney said on Wednesday he saw opportunity in retail real estate for the fast-growing company, given the struggles of many rivals amid the economic downturn.

"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."

The trendy clothing company that makes and sells its own casual cotton apparel has been growing its retail base of over 180 stores in the United States, Canada and internationally since its late 2006 merger with Endeavor Acquisition Corp.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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