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American Apparel Store Closing

Following announcements of store closings from Macy s, Sears, Kmart, The Limited and JCPenney s, edgy cloth上海贵族宝贝论坛

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ing company American Apparel will be closing all 110 of its retail stores. It will also close its Los Angeles headquarters.爱上海同城论坛

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Known for it s commitment to sweatshop-free clothing, manufacturin上海千花网交友

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g its clothes in America and provocative advert上海千花网龙凤论坛

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ising, American Apparel will close the retail portion of its business following an acquisition.

Gildan Activewear acquired the brand for just $88 million, according to SF Gate. At its peak in 2007, American Apparel was valued at $1 billion.

“This was always about buying assets out of bankruptcy,” Gildan spokesman Garry Bell told the L.A. T爱上海同城论坛

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imes. “The reality is this wasn t a purchase of an ongoing concern.”

American Apparel operates 15 stores in NYC.[LA Times | SF Gate] Christopher Cameron


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