Made in the USA clothing manufacturer American Apparel is expected to close all of its remaining 110 stores in the next few months.
American Apparel laying off workers, closing stores
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According to a news release, Canada-based Gildan Activewear’s $88 million bid at a bankruptcy auction won the rights to American Apparel’s brand and some assets.
However, retail store assets were not part of the purchase, according to Gildan.
American Apparel’s stores will remain open for at least another 100 days, but they’re expected to eventually close, Business Insider reported.
Meanwhile, about 2,400 workers are being laid off in Southern California at the retailer’s headquarters and manufacturing facility. Some workers have already lost their jobs.
Known for its basic and classic styles, the company took pride in its American-made t-shirts, hoodies and dresses.
“We are the largest clothing manufacturer in North America,” its website read.
As American Apparel appears to wind down its operations, the retailer is holding a 40% off sale on its website. There’s also free shipping on all orders over $50.
More Clark.com retail coverage:
- Report: JCPenney will be closing stores in 2017
- These major retailers are closing stores in 2017
- Confirmed: These Macy’s locations are closing
- These 150 Sears and Kmart locations are closing in early 2017
- Here’s what happens to malls after department stores close
