American Apparel Delays Payments to Vendors -NY Post

American Apparel, Inc.

is paying some fabric suppliers and other vendors in 60 days versus the usual 30 days, according to the

. Once sources says the situation has not yet reached a crisis, but factoring firms, who deal with the company's suppliers, are cutting back on the amount they are willing to finance. American Apparel shares closed Tuesday, at $1.07, a loss of $0.01. http://nypost.com/2014/12/31/american-apparel-delaying-payments-to-suppliers/