American Apparel is closing all 110 of its remaining US store locations by the end of April, the LA Times first reported on Wednesday.
The company, known for its controversial ad campaigns and made-in-America style brand, was sold to Canada's Gildan Activewear after filing for bankruptcy twice in two years. Gildan agreed to pay $88 million to buy American Apparel’s intellectual property and some manufacturing equipment.
The company had no interest in American Apparel’s 110 U.S. stores.
Employees at several manufacturing facilities in California, including the firm’s downtown L.A. headquarters more than 3,400 in total could be out of work within days.
At its height, American Apparel had more than 230 stores nationwide, and often found itself at the center of controversy over its racy ad campaigns. (<-- Warning: NSFW)
So American Apparel was sold for $88 million. The same price as 2 sweatshirts and 2 shirts at their stores.— electric lettuce (@philippompel) January 11, 2017
Some might argue the price tag cost the company its stay in mainstream fashion.
Others are mostly eager to see what the clearance sales are going to look like.
i'm so sad that american apparel is closing.. i really do love this brand a lot and i will definitely feel its absence when buying clothes— ♋️ (@brujapedia) January 14, 2017
"I will definitely feel its absence when buying clothes."