The Dastardly Dreaded Groupon Effect strikes again! Over the fourth quarter of last year, American Apparel, that purveyor of domestic made goods for the would-be “fat hooker” market, racked up impressive sales. But that doesn’t mean they’re seeing the profits.
According to the New York Post, a flurry of Groupon discounts nationwide cut into margins. Despite doing a brisk business selling daily deals on “cardigans, corduroys and sexy leggings,” the Groupon offering may have cut American Apparel’s profits by nearly half last year. Read More