Troubled clothing chain American Apparel Inc. says it may have to file for Chapter 11 bankruptcy protection.
The New York company indicated in a filing with the Securities and Exchange Commission that it "may not have sufficient liquidity to sustain operations and to continue as a going concern."
The retailer says if it can't improve its cash position, it may need to seek bankruptcy protection.
American Apparel, which also reported a fourth-quarter loss Friday, has been plagued by problems.
In October it amended a credit agreement with Lion Capital.
That same month it avoided being delisted by the New York Stock Exchange Amex LLC after submitting a plan related to its financial filings.
A former worker also has sued founder Dov Charney, alleging he sexually abused her.