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Troubling Times: Mike & Chris Can't Pay NYC Showroom Rent

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The sad case of Mike & Chris, the California-based sportswear brand that abruptly canceled their sample sale yesterday, continues to unfold. Though their PR contact categorically denies that the company is in any trouble—stating that "Mike & Chris is very much still in business" and that the "sample sale was canceled due to a very unfortunate error in shipping"—that doesn't jive with what we've heard from the company's own sales director and a veritable army of tipsters.

MORE ON RACKED NY "Today brings more worrying evidence that Mike & Chris is in serious financial trouble..."