When we first heard the news of American Apparel going bankrupt in December, we were a bit surprised. Founded in 1989, the American-bred company that prided itself on being made on U.S. soil has become a favorite among young adults for their simple, yet stylish basics that you won’t find in many other stores. American Apparel has had a few setbacks in the past, but nothing to make us question their future as a company. As we now get into the middle of January, things are looking dim for the on-trend retailer. What does this mean for Dallas and Texas-wide stores? Read on and see.
Gildan, the Canadian-based athletic company, bought American Apparel at an auction for $88 million at the beginning of January. With this purchase of the company, it’s rumored that the brand will be closing down all 110 stores including our local NorthPark and Mockingbird Station locations. It’s a sad day for all of us! Was the brand a victim of the fast fashion movement? With retailers like Forever 21 and H&M pumping out clothing abroad, it can be hard to keep up with trends. Store closings are set to begin in the next three months, and they’re currently offering 40% off sitewide with the code TAKE40. We reached out to both local locations to comment, but it seems the brand isn’t able to say much just yet. Keep your eyes peeled and be sure to check back in with us at DFW Style Daily for more updates!
Image courtesy of American Apparel.