American Apparel Is Effectively Over, Sold At Auction to Canadian Company for $88 Million 

The charred remains of long-embattled retailer American Apparel were bought at auction for $88 million by Canada’s Gildan Activewear, which plans to close its 110 remaining U.S. stores and shutter its Los Angeles manufacturing facilities. At its height in 2007, American Apparel was valued at nearly $1 billion, and…

American Apparel Encouraged Employees to Wear 'Ask Me to Take It All Off' Shirt on Black Friday [Updated]

According to an anonymous source within the company, American Apparel has started scaling back up towards a sexier image—some aspects of which are making employees uncomfortable. Last week, the company asked retail workers to wear shirts that say “Ask Me to Take It All Off” this coming Black Friday. “American Apparel…

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