"The company has no plans to close or consider closing stores," says one spokesperson. "The company is not fighting for its life and does not plan to file bankruptcy," says another. "All roads," says a retail analyst, "lead to hell."
This one from the more local front.
American Apparel likely to shed some NY stores
Troubled chain has 20 outposts in Manhattan and Brooklyn, most of which were taken on at high rents close to the market peak; secondary locations will be hard to unload.