With American Apparel and its newly restructured management facing intense investor scrutiny, the company’s earnings for the second quarter reinforced the retailer’s troubled financial footing, the New York Times reported today. Sales at American Apparel were essentially flat, at $162 million, in the period that ended June 30. And while losses narrowed considerably over the same period in 2013, the company still lost $16.2 million in the quarter, compared with $37.5 million a year earlier. The second quarter was the last reporting period largely under the leadership of the company’s founder, Dov Charney, who was dismissed by his handpicked board on June 18.
