American Apparel going down the tubes

Yay! Rejoice! According to the Globe and Mail, American Apparel is dead. The Globe is probably the last outlet to catch on to this. I think it's probably been clear for a while that the company is going down. The one time I've been in a store in the past year, there were more skinny, bespectacled staff than customers, and the racks were overflowing with unsold product (product I actually kind of liked, very conservative compared to the neon catsuits.) They've had a long list of shitty things happen to them in the last little while. A employee died at their Los Angeles headquarters; they hired undocumented factory workers despite the fact that their entire brand is based on a claim to ethical hiring practices; a leaked document showed that workers were hired and fired based on sexiness, and that no one was allowed to sue for sexual harassment. Gawker actually did a really great investigative series on the company, to the point that a non-disclosure agreement was written into employee's contracts. Now their stock has gone down 90 percent, and they're closing stores. Hurrah! The reign of faux-underground teen porn and wide-rimmed glasses is over. It was nice to have comfortable, logo-less clothing for a while though. Hopefully that will stick around.

So, what's next?