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.
They're calling it a "Retail Bloodbath"—shares of mega-retailers American Apparel and Abercrombie & Fitch are down, with American Apparel's finances pretty much in the crapper. Today, word comes that Abercrombie & Fitch will close 60 stores in the United States this year. Yeah, the bedbug infestations this summer at the Abercrombie & Fitch and the Hollister downtown probably didn't help much.
· Retail Bloodbath: Am Apparel Plunges, Abercrombie Cuts Spending [Barrons]