Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.
Following a blink-and-you-missed-it blowout, American Apparel has shuttered its DTLA Factory Flea Market. The LA-based label revealed the news on its Facebook page earlier last month, and we're guessing it's part of that downsizing plan, which was expected to happen by March 31st.
However, there are still $2 denim deals in LA's future: the outlet store is expected to relocate, but no word yet on the exact coordinates; we've reached out to the brand for more deets.
The major markdowns happening across all of AA's stores are part of its efforts to "sell off [excess inventory]," which has been among AA's issues, WWD reports. The trade pub also reveals that the basics giant is undergoing yet another round of layoffs (yikes).
In addition, WWD notes that the label "will also consider outsourcing more complicated garments, including denim." Outsource from the denim capital of the world? The times at American Apparel are clearly a-changing.
Update 1pm: American Apparel tells us the Flea Market store is moving back to its original factory; its reopening date is pending.