American Apparel's First Profits In Years Put The CEO's Sex Scandals In The Rearview Mirror (APP)

American Apparel recently reported its first net income profit after 12 straight quarters of losses. That's an amazing turnaround for a brand which a few years ago was close to bankruptcy; its CEO surrounded by lawsuits alleging sexual harassment. Now, comparable same-store sales are showing increases of 7 - 13 percent. Q4 revenues rose to $173 million. And CEO Dov Charney made good on his promise — made to Business Insider back in June — of booking more than $600 million in revenu...