Word: charney
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Dates: during 2000-2009
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...here when your competition has long since fled to sweatshops offshore? Judging by the success of the American Apparel company--which opened a massive T-shirt factory in Los Angeles three years ago--"Made in the U.S.A." still makes good business sense. Says owner Dov Charney, 32: "My competitors located production centers thousands of miles from their design rooms and marketplace. It's like making prefab homes in India and trying to sell them here...
...garment industry could use more companies like Charney's. Some 33,000 apparel jobs were lost last year as manufacturers, taking advantage of NAFTA, continued to move south of the border. Last fall the government eliminated tariffs for apparel made with U.S. fabric from 24 Caribbean basin nations, spurring more U.S. job losses. The industry's economics are so unforgiving that underwear giant Fruit of the Loom sought bankruptcy protection in 1999 and still hasn't emerged...
...contrast, American Apparel is thriving. With 300 workers, Charney's factory produced 5.5 million imprintable T shirts, tank tops and panties in the past year, most labeled Classic Girl or Standard American. Regional screen printers, distributors and retailers accounted for 90% of his $20 million in sales. The rest went to private-label companies...
Vosgerchian's devotion to her students also remained strong after giving up her teaching duties. According to Charney...
...there were anybody who could have defeated death, it would have been her," Charney said...