American Apparel Inc. warned on Tuesday that it had about $13 million of available cash and risked default if it didn’t raise money or refinance its debt, the Wall Street Journal reported yesterday. The retailer, which also said that it would miss a regulatory deadline to file its June quarter financial results, toughened its language from a month earlier, when it disclosed it was running short of cash to meet its obligations over the next 12 months and said it intended to close several stores as part of an aggressive cost-cutting plan. American Apparel has staved off bankruptcy through cash infusions. It last amended its $50-million line of credit with Capital One in March, according to regulatory filings.
